Jackson Creek Investment Advisors LLC Acquires 25,137 Shares of Commercial Metals Company $CMC

Jackson Creek Investment Advisors LLC increased its holdings in shares of Commercial Metals Company (NYSE:CMC) by 340.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 32,520 shares of the basic materials company’s stock after buying an additional 25,137 shares during the quarter. Commercial Metals comprises about 0.7% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 16th largest holding. Jackson Creek Investment Advisors LLC’s holdings in Commercial Metals were worth $2,251,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Commercial Metals by 430.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,247 shares of the basic materials company’s stock worth $1,675,000 after acquiring an additional 23,738 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Commercial Metals during the 3rd quarter worth approximately $821,000. American Century Companies Inc. lifted its stake in shares of Commercial Metals by 6.6% during the 3rd quarter. American Century Companies Inc. now owns 1,823,923 shares of the basic materials company’s stock worth $104,474,000 after acquiring an additional 112,267 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Commercial Metals by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 884,604 shares of the basic materials company’s stock worth $50,670,000 after acquiring an additional 64,491 shares during the last quarter. Finally, Qsemble Capital Management LP lifted its stake in shares of Commercial Metals by 118.6% during the 4th quarter. Qsemble Capital Management LP now owns 49,885 shares of the basic materials company’s stock worth $3,453,000 after acquiring an additional 27,062 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Commercial Metals Trading Up 2.2%

Shares of NYSE:CMC opened at $73.47 on Wednesday. Commercial Metals Company has a 12-month low of $45.50 and a 12-month high of $84.87. The business’s fifty day simple moving average is $66.38 and its 200-day simple moving average is $69.14. The company has a market capitalization of $8.15 billion, a PE ratio of 16.36, a P/E/G ratio of 0.42 and a beta of 1.49. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Thursday, March 26th. The basic materials company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. As a group, equities research analysts predict that Commercial Metals Company will post 6.51 earnings per share for the current fiscal year.

Commercial Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, April 6th. This is a positive change from Commercial Metals’s previous quarterly dividend of $0.18. Commercial Metals’s payout ratio is 16.04%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CMC shares. Barclays started coverage on Commercial Metals in a report on Thursday, May 21st. They set an “equal weight” rating and a $75.00 price objective on the stock. Wall Street Zen downgraded Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. KeyCorp began coverage on Commercial Metals in a report on Wednesday, March 25th. They set a “sector weight” rating on the stock. UBS Group upgraded Commercial Metals from a “neutral” rating to a “buy” rating and lifted their price target for the company from $79.00 to $89.00 in a report on Wednesday, May 13th. Finally, Zacks Research downgraded Commercial Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.30.

Commercial Metals Profile

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.