Commercial Metals (NYSE:CMC) EVP Tracy L. Porter sold 6,935 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $25.14, for a total transaction of $174,345.90. Following the transaction, the executive vice president now owns 10 shares in the company, valued at approximately $251.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Commercial Metals (NYSE CMC) traded up $0.25 during midday trading on Thursday, reaching $25.09. 1,773,326 shares of the company traded hands, compared to its average volume of 2,912,483. The firm has a market cap of $2,900.00, a P/E ratio of 46.46 and a beta of 1.26. The company has a current ratio of 3.20, a quick ratio of 2.07 and a debt-to-equity ratio of 0.56. Commercial Metals has a 1-year low of $17.05 and a 1-year high of $25.90.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.13). Commercial Metals had a return on equity of 8.08% and a net margin of 1.53%. research analysts predict that Commercial Metals will post 1.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.91%. Commercial Metals’s payout ratio is presently 88.89%.

A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its position in Commercial Metals by 8.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 705,568 shares of the basic materials company’s stock valued at $15,043,000 after purchasing an additional 56,833 shares during the period. GSA Capital Partners LLP acquired a new position in Commercial Metals during the 3rd quarter valued at about $295,000. Walthausen & Co. LLC lifted its position in Commercial Metals by 10.8% during the 3rd quarter. Walthausen & Co. LLC now owns 346,160 shares of the basic materials company’s stock valued at $6,587,000 after purchasing an additional 33,610 shares during the period. California Public Employees Retirement System lifted its position in Commercial Metals by 4.5% during the 3rd quarter. California Public Employees Retirement System now owns 271,123 shares of the basic materials company’s stock valued at $5,159,000 after purchasing an additional 11,723 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in Commercial Metals by 375.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 460,000 shares of the basic materials company’s stock valued at $8,754,000 after purchasing an additional 363,300 shares during the period. Institutional investors own 88.55% of the company’s stock.

Several research analysts recently issued reports on CMC shares. Zacks Investment Research downgraded shares of Commercial Metals from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Bank of America upgraded shares of Commercial Metals from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Thursday, December 7th. Finally, Jefferies Group reduced their price target on shares of Commercial Metals from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Commercial Metals has a consensus rating of “Hold” and an average target price of $21.88.

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Commercial Metals Company Profile

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

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