Taking a Look at the Data Behind Commercial Metals Company (CMC)

Alain Brian
Juillet 17, 2017

Vanguard Group Inc. decreased its position in shares of Commercial Metals Company (NYSE:CMC) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 12,572,181 shares of the stock are valued at $254.71 million. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Commercial Metals Company by 0.9% in the fourth quarter.

Among 4 analysts covering Israel Chemical (NYSE:ICL), 0 have Buy rating, 1 Sell and 3 Hold. Sit Investment Associates Inc. raised its stake in Commercial Metals Company by 431.4% in the first quarter. Breton Hill Capital Ltd. now owns 37,326 shares of the basic materials company's stock worth $714,000 after buying an additional 2,446 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in shares of Commercial Metals Company by 13.6% in the first quarter.

Walthausen & Company increased Mgp Ingredients Inc (NASDAQ:MGPI) stake by 30,480 shares to 305,610 valued at $15.27 million in 2016Q4. Louisiana State Employees Retirement System now owns 29,200 shares of the basic materials company's stock valued at $559,000 after buying an additional 600 shares during the period. Commercial Metals Co now has $2.34 billion valuation. Institutional investors own 89.73% of the company's stock.

Commercial Metals Company (NYSE:CMC) traded down 2.12% during trading on Friday, hitting $19.83. The stock traded at a volume of 2.48 million shares. The company has market cap of $3.52 billion. The stock is trading $18.70 its 50-day moving average by -1.25%. Commercial Metals Company (NYSE:CMC) notched a 12-month high of $20.22 while $26.00 target is by far the most aggressive out of analysts who are now evaluating CMC, $5.78 higher than the next highest 52-week price estimate.

Commercial Metals Company (NYSE:CMC) last issued its earnings results on Thursday, June 22nd. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.31 earnings per share.

VICE PRESIDENT OF STRATEG, BATCHELOR ADAM B., sold 5,372 common shares of Commercial Metals Company (CMC) in the open market. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.34 billion.

Analyst research firms are expressing bullish stance on Commercial Metals Company (NYSE:CMC)'s near-term growth potential. They expect $1.49 earnings per share, up 9.56% or $0.13 from last year's $1.36 per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.42%. The ex-dividend date has been established as Monday the 3rd of April 2017.

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A number of analysts have weighed in on the stock. Jefferies Group LLC restated a "hold" rating and issued a $19.00 price target on shares of Commercial Metals Company in a research note on Wednesday, May 24th. Credit Suisse Group upgraded shares of Commercial Metals Company from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $19.00 to $24.00 in a report on Tuesday, March 28th. Bank of America Corporation lowered Commercial Metals Company from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $21.00 to $19.00 in a research note on Thursday, June 8th. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Barclays Public Limited Co stated it has 0% in Commercial Metals Company (NYSE:CMC). The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products.

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