Thompson Siegel & Walmsley LLC Purchases 8,783 Shares of Commercial Metals (NYSE:CMC)

Thompson Siegel & Walmsley LLC lifted its position in Commercial Metals (NYSE:CMC) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,449,314 shares of the basic materials company’s stock after buying an additional 8,783 shares during the period. Commercial Metals comprises 1.1% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 25th largest holding. Thompson Siegel & Walmsley LLC owned about 1.28% of Commercial Metals worth $71,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMC. Heck Capital Advisors LLC bought a new position in shares of Commercial Metals in the fourth quarter worth approximately $34,000. V Square Quantitative Management LLC lifted its position in 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 period. Jones Financial Companies Lllp lifted 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 purchasing an additional 297 shares during the period. Amundi lifted its position in Commercial Metals by 29.9% during the fourth quarter. Amundi now owns 2,189 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 504 shares during the period. Finally, GAMMA Investing LLC lifted its position in Commercial Metals by 56.6% during 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 during the period. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CMC has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Commercial Metals from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. 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 objective on the stock. Jefferies Financial Group decreased their price target 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. BMO Capital Markets decreased 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 research report on Friday, January 3rd. Finally, UBS Group upgraded shares of Commercial Metals from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $56.00 to $54.00 in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.83.

Commercial Metals Stock Performance

CMC opened at $44.39 on Thursday. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.62 and a beta of 1.17. The company has a fifty day moving average of $49.17 and a 200 day moving average of $53.07. Commercial Metals has a fifty-two week low of $42.62 and a fifty-two week 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.

Commercial Metals (NYSE:CMC) last posted its earnings results on Monday, January 6th. The basic materials company reported $0.78 earnings per share 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 analysts’ expectations of $1.85 billion. During the same period last year, the company posted $1.49 earnings per share. Commercial Metals’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Commercial Metals will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Thursday, January 16th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, January 16th. 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.