Shares of Commercial Metals (NYSE:CMC) have earned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.57.

Several research analysts have weighed in on CMC shares. Zacks Investment Research raised shares of Commercial Metals from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a report on Tuesday, October 17th. Jefferies Group raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Thursday, December 7th.

Shares of Commercial Metals (CMC) opened at $25.02 on Tuesday. The firm has a market cap of $2,894.80, a price-to-earnings ratio of 37.91 and a beta of 1.26. Commercial Metals has a fifty-two week low of $17.05 and a fifty-two week high of $25.90. 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 (NYSE:CMC) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.13). Commercial Metals had a net margin of 1.53% and a return on equity of 8.08%. equities analysts anticipate that Commercial Metals will post 1.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, January 12th. Commercial Metals’s dividend payout ratio is currently 72.73%.

In related news, EVP Tracy L. Porter sold 13,601 shares of Commercial Metals stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $25.04, for a total value of $340,569.04. Following the sale, the executive vice president now directly owns 10 shares in the company, valued at approximately $250.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Tracy L. Porter sold 6,935 shares of Commercial Metals stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $25.14, for a total transaction of $174,345.90. Following the completion of the sale, the executive vice president now owns 10 shares in the company, valued at $251.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. 3G Capital Partners LP bought a new stake in Commercial Metals in the 3rd quarter valued at about $9,515,000. Koch Industries Inc. bought a new stake in Commercial Metals in the 2nd quarter valued at about $270,000. Russell Investments Group Ltd. lifted its position in Commercial Metals by 4,203.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 589,535 shares of the basic materials company’s stock valued at $11,218,000 after purchasing an additional 575,835 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Commercial Metals in the 2nd quarter valued at about $29,018,000. Finally, Hodges Capital Management Inc. lifted its position in Commercial Metals by 1.6% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,057,486 shares of the basic materials company’s stock valued at $20,124,000 after purchasing an additional 16,490 shares during the last quarter. Hedge funds and other institutional investors own 88.58% of the company’s stock.

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About Commercial Metals

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.

Analyst Recommendations for Commercial Metals (NYSE:CMC)

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