4 days Ago By ABMN Staff
Envestnet Asset Management Inc. raised its stake in shares of Commercial Metals ( NYSE:CMC – Free Report ) by 5.6% in the 4th quarter, Holdings Channel reports.
The firm owned 362,845 shares of the basic materials company’s stock after purchasing an additional 19,353 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Commercial Metals were worth $17,997,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CMC. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Commercial Metals by 26.
4% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 85,338 shares of the basic materials company’s stock worth $4,233,000 after acquiring an additional 17,827 shares during the last quarter.
Dynamic Technology Lab Private Ltd bought a new position in Commercial Metals during the 4th quarter worth approximately $378,000. Grant Private Wealth Management Inc bought a new position in Commercial Metals during the 4th quarter worth approximately $203,000. Trexquant Investment LP lifted its position in shares of Commercial Metals by 130.
3% in the 4th quarter. Trexquant Investment LP now owns 388,408 shares of the basic materials company’s stock worth $19,265,000 after purchasing an additional 219,745 shares during the period. Finally, Headlands Technologies LLC boosted its stake in shares of Commercial Metals by 1,118.
5% in the 4th quarter. Headlands Technologies LLC now owns 4,472 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 4,105 shares during the last quarter. 86.
90% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling at Commercial Metals In other Commercial Metals news, Director John R. Mcpherson acquired 2,475 shares of Commercial Metals stock in a transaction dated Friday, April 4th.
The stock was purchased at an average cost of $40.42 per share, for a total transaction of $100,039.50.
Following the completion of the acquisition, the director now directly owns 15,141 shares of the company’s stock, valued at $611,999.22. This represents a 19.
54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . 0.
46% of the stock is currently owned by company insiders. Analysts Set New Price Targets Read Our Latest Analysis on CMC Commercial Metals Stock Performance Shares of CMC opened at $41.70 on Wednesday.
The stock has a 50-day moving average of $46.71 and a 200-day moving average of $51.71.
Commercial Metals has a one year low of $37.92 and a one year 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 company has a market cap of $4.71 billion, a PE ratio of 37.
56, a P/E/G ratio of 2.62 and a beta of 1.16.
Commercial Metals ( NYSE:CMC – Get Free Report ) last announced its quarterly earnings data on Thursday, March 20th. The basic materials company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.
31 by ($0.05). The firm had revenue of $1.
75 billion during the quarter, compared to analyst estimates of $1.73 billion. Commercial Metals had a net margin of 1.
70% and a return on equity of 9.88%. The company’s revenue was down 5.
1% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS.
On average, equities research analysts predict that Commercial Metals will post 3.09 EPS for the current fiscal year. Commercial Metals Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th.
Shareholders of record on Monday, March 31st were paid a dividend of $0.18 per share. The ex-dividend date was Monday, March 31st.
This represents a $0.72 dividend on an annualized basis and a yield of 1.73%.
Commercial Metals’s dividend payout ratio (DPR) is presently 120.00%. About Commercial Metals ( 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. Further Reading Want to see what other hedge funds are holding CMC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Commercial Metals ( NYSE:CMC – Free Report ). 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.com's FREE daily email newsletter .
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