1 week Ago By ABMN Staff
Commercial Metals ( NYSE:CMC – Get Free Report ) Director John R. Mcpherson purchased 2,475 shares of Commercial Metals stock in a transaction on Friday, April 4th. The stock was bought at an average price of $40.
42 per share, with a total value of $100,039.50. Following the transaction, the director now owns 15,141 shares of the company’s stock, valued at approximately $611,999.
22. This represents a 19.54 % increase in their ownership of the stock.
The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Commercial Metals Stock Down 3.9 % CMC opened at $39.
08 on Wednesday. Commercial Metals has a 52 week low of $37.92 and a 52 week high of $64.
53. The company has a quick ratio of 1.94, a current ratio of 2.
76 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $47.
44 and a two-hundred day simple moving average of $52.19. The company has a market capitalization of $4.
42 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.62 and a beta of 1.
16. Commercial Metals ( NYSE:CMC – Get Free Report ) last released its quarterly earnings results on Thursday, March 20th. The basic materials company reported $0.
26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05).
The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion.
Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%.
The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.
88 EPS. Analysts forecast that Commercial Metals will post 3.09 earnings per share for the current fiscal year.
Commercial Metals Announces Dividend Hedge Funds Weigh In On Commercial Metals A number of institutional investors and hedge funds have recently made changes to their positions in CMC. Park Square Financial Group LLC bought a new position in shares of Commercial Metals in the 4th quarter valued at about $33,000. Heck Capital Advisors LLC purchased a new stake in Commercial Metals during the fourth quarter valued at approximately $34,000.
V Square Quantitative Management LLC lifted its stake in shares of Commercial Metals by 60.7% in the 4th 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.
South Plains Financial Inc. purchased a new position in shares of Commercial Metals in the 4th quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp increased its position in shares of Commercial Metals by 22.
0% during the 4th 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 last quarter. 86.
90% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several research firms recently issued reports on CMC. Morgan Stanley reduced their target price on shares of Commercial Metals from $56.
00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. BNP Paribas downgraded shares of Commercial Metals from an “outperform” rating to a “neutral” rating in a research report on Friday, January 3rd.
UBS Group lowered their target price on shares of Commercial Metals from $54.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th.
Jefferies Financial Group cut their price target on Commercial Metals from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, January 6th.
Finally, BMO Capital Markets lowered their price objective on Commercial Metals from $58.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday, March 21st.
Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.33.
Get Our Latest Research Report on CMC Commercial Metals Company Profile ( Get 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.
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