Hantz Financial Services Inc. Purchases Shares of 15,103 Commercial Metals (NYSE:CMC)

Hantz Financial Services Inc. purchased a new position in Commercial Metals (NYSE:CMC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,103 shares of the basic materials company's stock, valued at approximately $831,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new position in Commercial Metals in the 1st quarter worth $28,000. SYSTM Wealth Solutions LLC purchased a new position in shares of Commercial Metals in the first quarter worth about $44,000. GAMMA Investing LLC lifted its holdings in shares of Commercial Metals by 21.9% during the second quarter. GAMMA Investing LLC now owns 1,572 shares of the basic materials company's stock worth $86,000 after purchasing an additional 282 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Commercial Metals in the second quarter valued at approximately $129,000. Finally, Quest Partners LLC acquired a new position in Commercial Metals in the 4th quarter worth approximately $123,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on CMC. Bank of America decreased their price objective on shares of Commercial Metals from $70.00 to $69.00 and set a "buy" rating for the company in a research note on Wednesday, June 26th. StockNews.com downgraded shares of Commercial Metals from a "buy" rating to a "hold" rating in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $60.50.

Commercial Metals Stock Performance

Commercial Metals stock traded up $0.26 during mid-day trading on Friday, hitting $53.59. The company had a trading volume of 839,168 shares, compared to its average volume of 631,507. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 11.16 and a beta of 1.17. Commercial Metals has a 12-month low of $39.85 and a 12-month high of $61.26. The company's fifty day moving average is $54.91 and its 200-day moving average is $55.02. The company has a current ratio of 4.24, a quick ratio of 2.83 and a debt-to-equity ratio of 0.27.

Commercial Metals (NYSE:CMC - Get Free Report) last announced its quarterly earnings results on Thursday, June 20th. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. Commercial Metals had a net margin of 6.95% and a return on equity of 14.62%. The firm's quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.02 earnings per share. Equities research analysts predict that Commercial Metals will post 4.53 EPS for the current year.

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Monday, July 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. Commercial Metals's dividend payout ratio is presently 15.00%.

Commercial Metals Company Profile

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.