Fieldview Capital Management LLC Acquires Shares of 11,090 Commercial Metals Company $CMC

Fieldview Capital Management LLC acquired a new stake in Commercial Metals Company (NYSE:CMC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,090 shares of the basic materials company’s stock, valued at approximately $768,000.

A number of other large investors also recently modified their holdings of the company. Rothschild Investment LLC grew its position in shares of Commercial Metals by 169.6% in the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock valued at $29,000 after buying an additional 324 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Commercial Metals by 110.7% in the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after buying an additional 301 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Commercial Metals in the 4th quarter valued at $54,000. Los Angeles Capital Management LLC purchased a new position in shares of Commercial Metals in the 4th quarter valued at $59,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Commercial Metals in the 3rd quarter valued at $73,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Trading Down 0.9%

Shares of Commercial Metals stock opened at $77.06 on Tuesday. Commercial Metals Company has a 1 year low of $47.06 and a 1 year high of $84.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.55 and a current ratio of 2.38. The company has a market capitalization of $8.55 billion, a P/E ratio of 17.16, a PEG ratio of 0.47 and a beta of 1.50. The company’s fifty day moving average is $70.51 and its two-hundred day moving average is $70.80.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings data on Thursday, March 26th. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts forecast that Commercial Metals Company will post 6.4 earnings per share for the current year.

Commercial Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, April 6th. This is an increase from Commercial Metals’s previous quarterly dividend of $0.18. Commercial Metals’s payout ratio is 16.04%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $77.00 target price on shares of Commercial Metals in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Commercial Metals in a research report on Tuesday, June 9th. KeyCorp assumed coverage on shares of Commercial Metals in a research report on Wednesday, March 25th. They issued a “sector weight” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.10.

Commercial Metals Company 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.