Commercial Metals Co. (NYSE:CMC) VP Adam B. Batchelor sold 5,372 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $20.37, for a total transaction of $109,427.64. Following the completion of the sale, the vice president now owns 21,852 shares of the company’s stock, valued at approximately $445,125.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Commercial Metals Co. (NYSE:CMC) opened at 21.41 on Thursday. Commercial Metals Co. has a 52 week low of $12.44 and a 52 week high of $21.82. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 45.75 and a beta of 1.18. The firm has a 50-day moving average price of $16.85 and a 200 day moving average price of $16.65.

Commercial Metals (NYSE:CMC) last issued its earnings results on Thursday, October 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.29. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.24 billion. Commercial Metals had a net margin of 1.19% and a return on equity of 7.66%. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the business posted ($0.05) EPS. On average, analysts forecast that Commercial Metals Co. will post $1.01 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Commercial Metals (NYSE:CMC)

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, November 7th. Commercial Metals’s dividend payout ratio (DPR) is presently 102.13%.

CMC has been the subject of a number of research analyst reports. Macquarie downgraded shares of Commercial Metals from an “outperform” rating to a “neutral” rating in a research report on Monday, October 31st. Citigroup Inc. initiated coverage on shares of Commercial Metals in a research report on Monday, August 22nd. They issued a “neutral” rating and a $16.00 target price for the company. Bank of America Corp. downgraded shares of Commercial Metals to a “neutral” rating in a research report on Wednesday, July 20th. Clarkson Capital upgraded shares of Commercial Metals from a “sell” rating to a “neutral” rating in a research report on Friday, November 4th. Finally, Zacks Investment Research downgraded shares of Commercial Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Commercial Metals by 0.8% in the first quarter. Prudential Financial Inc. now owns 122,432 shares of the company’s stock valued at $2,078,000 after buying an additional 1,000 shares during the period. State Street Corp increased its stake in shares of Commercial Metals by 9.6% in the first quarter. State Street Corp now owns 5,148,819 shares of the company’s stock valued at $87,374,000 after buying an additional 451,718 shares during the period. Springbok Capital Management LLC increased its stake in shares of Commercial Metals by 710.0% in the first quarter. Springbok Capital Management LLC now owns 8,100 shares of the company’s stock valued at $137,000 after buying an additional 7,100 shares during the period. BlackRock Group LTD increased its stake in shares of Commercial Metals by 18.7% in the first quarter. BlackRock Group LTD now owns 124,123 shares of the company’s stock valued at $2,107,000 after buying an additional 19,551 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Commercial Metals by 1.8% in the first quarter. UBS Asset Management Americas Inc. now owns 104,626 shares of the company’s stock valued at $1,775,000 after buying an additional 1,864 shares during the period. 91.08% of the stock is currently owned by institutional investors.

About Commercial Metals

Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.

5 Day Chart for NYSE:CMC

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