Hantz Financial Services Inc. Purchases 565 Shares of Commercial Metals (NYSE:CMC)

Hantz Financial Services Inc. increased its position in shares of Commercial Metals (NYSE:CMC) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,668 shares of the basic materials company’s stock after purchasing an additional 565 shares during the period. Hantz Financial Services Inc.’s holdings in Commercial Metals were worth $861,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Thompson Siegel & Walmsley LLC bought a new stake in Commercial Metals in the 2nd quarter valued at $50,132,000. Van ECK Associates Corp increased its stake in Commercial Metals by 204.3% in the third quarter. Van ECK Associates Corp now owns 420,808 shares of the basic materials company’s stock valued at $21,570,000 after acquiring an additional 282,511 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Commercial Metals by 163.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 219,770 shares of the basic materials company’s stock valued at $11,756,000 after acquiring an additional 136,367 shares during the period. AQR Capital Management LLC raised its position in Commercial Metals by 17.5% in the second quarter. AQR Capital Management LLC now owns 774,218 shares of the basic materials company’s stock worth $42,203,000 after purchasing an additional 115,326 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Commercial Metals during the third quarter worth about $5,662,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Stock Up 0.5 %

NYSE CMC opened at $61.69 on Monday. The stock’s 50 day simple moving average is $56.45 and its 200 day simple moving average is $54.89. Commercial Metals has a one year low of $44.78 and a one year high of $63.40. The firm has a market cap of $7.03 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 2.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.94 and a quick ratio of 2.78.

Commercial Metals (NYSE:CMC) last announced its earnings results on Thursday, October 17th. The basic materials company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). Commercial Metals had a return on equity of 12.20% and a net margin of 6.13%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.07 billion. As a group, sell-side analysts forecast that Commercial Metals will post 4.26 earnings per share for the current fiscal year.

Commercial Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, October 31st. Commercial Metals’s dividend payout ratio is presently 17.39%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets set a $62.00 price objective on Commercial Metals and gave the company a “market perform” rating in a research note on Friday, October 18th. Wolfe Research lowered Commercial Metals from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on shares of Commercial Metals in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $65.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Commercial Metals presently has an average rating of “Moderate Buy” and a consensus price target of $65.25.

Commercial Metals Profile

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.