Natixis Advisors LLC Grows Stock Holdings in Commercial Metals Company $CMC

Natixis Advisors LLC grew its holdings in Commercial Metals Company (NYSE:CMC) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,917 shares of the basic materials company’s stock after acquiring an additional 14,444 shares during the period. Natixis Advisors LLC owned about 0.18% of Commercial Metals worth $14,115,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Rothschild Investment LLC raised its position in Commercial Metals by 169.6% during the third quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 324 shares in the last quarter. Global Retirement Partners LLC raised its position in Commercial Metals by 110.7% during the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 301 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Commercial Metals during the fourth quarter valued at approximately $54,000. Aster Capital Management DIFC Ltd purchased a new position in Commercial Metals during the third quarter valued at approximately $73,000. Finally, EverSource Wealth Advisors LLC raised its position in Commercial Metals by 84.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,550 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 708 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Stock Down 2.9%

Commercial Metals stock opened at $74.07 on Friday. The stock has a market capitalization of $8.21 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50. Commercial Metals Company has a 12 month low of $47.06 and a 12 month high of $84.87. The business has a 50 day simple moving average of $68.67 and a 200-day simple moving average of $70.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.38 and a quick ratio of 1.55.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Thursday, March 26th. The basic materials company reported $1.16 EPS 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 analysts’ expectations of $2.10 billion. Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. On average, analysts anticipate that Commercial Metals Company will post 6.45 EPS for the current fiscal year.

Commercial Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th were issued a dividend of $0.20 per share. 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. This represents a $0.80 annualized dividend and a yield of 1.1%. Commercial Metals’s payout ratio is 16.04%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMC. Wells Fargo & Company reiterated an “equal weight” rating and set a $77.00 price target on shares of Commercial Metals in a research report on Thursday. Barclays began coverage on shares of Commercial Metals in a report on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Commercial Metals in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 price objective for the company. KeyCorp began coverage on shares of Commercial Metals in a research report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Finally, Morgan Stanley upped their price objective on shares of Commercial Metals from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.