First Dallas Securities Inc. Purchases 8,828 Shares of Commercial Metals (NYSE:CMC)

First Dallas Securities Inc. lifted its position in shares of Commercial Metals (NYSE:CMC - Free Report) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,079 shares of the basic materials company's stock after acquiring an additional 8,828 shares during the period. First Dallas Securities Inc.'s holdings in Commercial Metals were worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Commercial Metals during the 4th quarter valued at $34,000. nVerses Capital LLC bought a new position in shares of Commercial Metals during the third quarter valued at $66,000. GAMMA Investing LLC boosted its position in shares of Commercial Metals by 56.6% during the fourth quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company's stock valued at $130,000 after buying an additional 944 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Commercial Metals in the 4th quarter worth about $134,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Commercial Metals by 10.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company's stock worth $138,000 after buying an additional 254 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Commercial Metals Price Performance

Shares of NYSE:CMC traded down $0.46 during trading on Friday, hitting $49.68. 1,307,079 shares of the company's stock were exchanged, compared to its average volume of 1,137,359. The business's 50-day simple moving average is $52.19 and its 200 day simple moving average is $54.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. Commercial Metals has a 52-week low of $45.50 and a 52-week high of $64.53. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 44.76, a PEG ratio of 2.49 and a beta of 1.18.

Commercial Metals (NYSE:CMC - Get Free Report) last released its quarterly earnings data on Monday, January 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The firm had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, January 16th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, January 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. Commercial Metals's dividend payout ratio (DPR) is 64.86%.

Analyst Upgrades and Downgrades

CMC has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Commercial Metals from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group started coverage on Commercial Metals in a research report on Monday, December 2nd. They set a "buy" rating and a $75.00 target price on the stock. Morgan Stanley reduced their price target on Commercial Metals from $65.00 to $56.00 and set an "equal weight" rating for the company in a research report on Monday. BNP Paribas cut Commercial Metals from an "outperform" rating to a "neutral" rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group reduced their target price on shares of Commercial Metals from $65.00 to $62.00 and set a "buy" rating for the company in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.33.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.