Union Bancaire Privee UBP SA Makes New Investment in Commercial Metals (NYSE:CMC)

Union Bancaire Privee UBP SA bought a new position in shares of Commercial Metals (NYSE:CMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,842 shares of the basic materials company’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in Commercial Metals during the 4th quarter worth about $34,000. V Square Quantitative Management LLC grew its stake in shares of Commercial Metals by 60.7% during the fourth 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. GAMMA Investing LLC increased its holdings in shares of Commercial Metals by 56.6% in the fourth quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 944 shares in the last quarter. 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 purchasing an additional 254 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Commercial Metals by 15.9% during the 3rd quarter. KBC Group NV now owns 3,099 shares of the basic materials company’s stock worth $170,000 after buying an additional 425 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Stock Down 0.1 %

Commercial Metals stock opened at $50.00 on Wednesday. Commercial Metals has a fifty-two week low of $45.50 and a fifty-two week high of $64.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 2.62 and a beta of 1.18. The company’s 50 day simple moving average is $49.97 and its 200 day simple moving average is $53.62.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings results 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 company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The firm’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Thursday, January 16th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.44%. Commercial Metals’s payout ratio is 64.86%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CMC shares. BNP Paribas cut Commercial Metals from an “outperform” rating to a “neutral” rating in a research note on Friday, January 3rd. Morgan Stanley cut their target price on shares of Commercial Metals from $65.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research report on Monday, December 2nd. They set a “buy” rating and a $75.00 price target for the company. Jefferies Financial Group cut their price objective on shares of Commercial Metals from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, BMO Capital Markets lowered their target price on shares of Commercial Metals from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.