2 weeks Ago By Defense World Staff
Commonwealth Equity Services LLC increased its stake in shares of Commercial Metals ( NYSE:CMC – Free Report ) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,604 shares of the basic materials company’s stock after acquiring an additional 440 shares during the quarter.
Commonwealth Equity Services LLC’s holdings in Commercial Metals were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Commercial Metals during the first quarter valued at approximately $28,000.
SYSTM Wealth Solutions LLC bought a new stake in shares of Commercial Metals during the 1st quarter valued at about $44,000. GAMMA Investing LLC increased its position 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 valued at $86,000 after buying an additional 282 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Commercial Metals in the 2nd quarter valued at approximately $129,000.
Finally, Quest Partners LLC purchased a new position in Commercial Metals during the 4th quarter valued at about $123,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.
Commercial Metals Trading Up 0.1 % CMC stock opened at $51.47 on Wednesday.
The firm has a fifty day moving average price of $54.24 and a 200 day moving average price of $54.72.
Commercial Metals has a fifty-two week low of $39.85 and a fifty-two week high of $61.26.
The firm has a market cap of $5.92 billion, a PE ratio of 10.69 and a beta of 1.
15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.
83 and a current ratio of 4.24. Wall Street Analysts Forecast Growth CMC has been the subject of several recent research reports.
StockNews.com lowered shares of Commercial Metals from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Bank of America dropped their target price on Commercial Metals from $70.
00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, Jefferies Financial Group began coverage on Commercial Metals in a report on Tuesday, September 3rd.
They set a “buy” rating and a $65.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.40. Get Our Latest Report on CMC Commercial Metals Profile ( Free Report ) 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. See Also Five stocks we like better than Commercial Metals 3 Best Fintech Stocks for a Portfolio Boost Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? How to Invest in Biotech Stocks Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What Are Dividend Champions? How to Invest in the Champions Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Commercial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals and related companies with MarketBeat.
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