Quantbot Technologies LP Has $953,000 Position in Commercial Metals (NYSE:CMC)

Quantbot Technologies LP raised its holdings in Commercial Metals (NYSE:CMC - Free Report) by 209.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,219 shares of the basic materials company's stock after buying an additional 13,004 shares during the period. Quantbot Technologies LP's holdings in Commercial Metals were worth $953,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CMC. Heck Capital Advisors LLC purchased a new position in Commercial Metals during the fourth quarter worth about $34,000. V Square Quantitative Management LLC boosted its holdings in shares of Commercial Metals by 60.7% in the 4th quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 267 shares during the last quarter. Jones Financial Companies Lllp grew its position in Commercial Metals by 22.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,646 shares of the basic materials company's stock valued at $82,000 after acquiring an additional 297 shares during the period. Amundi increased its position in Commercial Metals by 29.9% during the 4th quarter. Amundi now owns 2,189 shares of the basic materials company's stock worth $108,000 after purchasing an additional 504 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Commercial Metals by 56.6% in the 4th quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company's stock valued at $130,000 after acquiring an additional 944 shares during the period. Hedge funds and other institutional investors own 86.90% of the company's stock.

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Commercial Metals Price Performance

Shares of NYSE CMC traded down $2.30 during trading on Friday, hitting $46.08. The company had a trading volume of 285,466 shares, compared to its average volume of 906,064. The company has a market cap of $5.24 billion, a P/E ratio of 41.53, a PEG ratio of 2.62 and a beta of 1.17. 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 business's 50-day moving average is $48.75 and its 200 day moving average is $52.68. Commercial Metals has a 52 week low of $42.62 and a 52 week high of $64.53.

Commercial Metals (NYSE:CMC - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.05). Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm's revenue was down 5.1% compared to the same quarter last year. Equities research analysts predict that Commercial Metals will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.56%. The ex-dividend date is Monday, March 31st. Commercial Metals's payout ratio is 120.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. The Goldman Sachs Group started coverage on Commercial Metals in a report on Monday, December 2nd. They set a "buy" rating and a $75.00 price objective on the stock. BNP Paribas lowered Commercial Metals from an "outperform" rating to a "neutral" rating in a research report on Friday, January 3rd. 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 research note on Monday, January 6th. UBS Group reduced their price target on Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Morgan Stanley lowered their target price on shares of Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $60.33.

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.