Inceptionr LLC Has $1.19 Million Holdings in Commercial Metals (NYSE:CMC)

Inceptionr LLC lifted its position in Commercial Metals (NYSE:CMC - Free Report) by 285.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,956 shares of the basic materials company's stock after buying an additional 17,740 shares during the quarter. Inceptionr LLC's holdings in Commercial Metals were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CMC. Jacobs Levy Equity Management Inc. increased its position in Commercial Metals by 122.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,245,535 shares of the basic materials company's stock worth $68,455,000 after acquiring an additional 686,519 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Commercial Metals by 58.0% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,440,531 shares of the basic materials company's stock worth $79,172,000 after acquiring an additional 528,876 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in Commercial Metals during the third quarter worth $16,731,000. Victory Capital Management Inc. increased its position in Commercial Metals by 11.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,422,427 shares of the basic materials company's stock worth $120,152,000 after acquiring an additional 245,468 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Commercial Metals during the fourth quarter worth $11,052,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

CMC has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of Commercial Metals from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. UBS Group raised shares of Commercial Metals from a "sell" rating to a "neutral" rating and lowered their price target for the company from $56.00 to $54.00 in a report on Friday, January 10th. BMO Capital Markets lowered their price target on shares of Commercial Metals from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Friday, January 3rd. BNP Paribas lowered shares of Commercial Metals from an "outperform" rating to a "neutral" rating in a report on Friday, January 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a report on Monday, December 2nd. They issued a "buy" rating and a $75.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.83.

Commercial Metals Price Performance

Shares of NYSE:CMC traded down $0.60 on Friday, hitting $45.85. The stock had a trading volume of 1,710,498 shares, compared to its average volume of 1,153,518. Commercial Metals has a twelve month low of $43.81 and a twelve month high of $64.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. The firm's 50 day moving average price is $49.49 and its 200-day moving average price is $53.27. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 41.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.17.

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

Commercial Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Thursday, January 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.72 annualized dividend and a yield of 1.57%. Commercial Metals's dividend payout ratio (DPR) is 64.86%.

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.