15,521 Shares in Commercial Metals (CMC) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of Commercial Metals (NYSE:CMC) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 15,521 shares of the basic materials company’s stock, valued at approximately $295,000.

A number of other large investors have also bought and sold shares of CMC. Canada Pension Plan Investment Board bought a new stake in Commercial Metals during the third quarter worth about $101,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Commercial Metals by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,853 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 522 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Commercial Metals by 56.6% during the second quarter. Riverhead Capital Management LLC now owns 6,892 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 2,492 shares during the last quarter. Koch Industries Inc. bought a new stake in Commercial Metals during the second quarter worth about $270,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Commercial Metals during the third quarter worth about $282,000. 88.55% of the stock is owned by institutional investors.

Shares of Commercial Metals (NYSE:CMC) opened at $25.04 on Wednesday. Commercial Metals has a 52 week low of $17.05 and a 52 week high of $25.44. The company has a quick ratio of 2.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2,920.00, a PE ratio of 46.37 and a beta of 1.26.

Commercial Metals (NYSE:CMC) last released its earnings results on Wednesday, January 3rd. The basic materials company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. Commercial Metals had a return on equity of 8.08% and a net margin of 1.53%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.06 EPS. Commercial Metals’s revenue for the quarter was up 24.6% on a year-over-year basis. analysts expect that Commercial Metals will post 1.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, January 12th. Commercial Metals’s dividend payout ratio (DPR) is presently 88.89%.

CMC has been the subject of several research analyst reports. Citigroup dropped their price target on Commercial Metals from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, September 15th. Jefferies Group raised Commercial Metals from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised Commercial Metals from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a research note on Tuesday, October 17th. Finally, Bank of America raised Commercial Metals from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a research note on Thursday, December 7th. Four investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Commercial Metals has an average rating of “Hold” and an average target price of $21.88.

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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.

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Institutional Ownership by Quarter for Commercial Metals (NYSE:CMC)

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