13,282 Shares in Commercial Metals Company $CMC Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Commercial Metals Company (NYSE:CMC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 13,282 shares of the basic materials company’s stock, valued at approximately $919,000.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Commercial Metals during the 3rd quarter worth about $25,000. Rothschild Investment LLC increased its stake in Commercial Metals by 169.6% during the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock worth $29,000 after buying an additional 324 shares during the period. V Square Quantitative Management LLC purchased a new stake in Commercial Metals during the 4th quarter worth approximately $54,000. Aster Capital Management DIFC Ltd purchased a new stake in Commercial Metals during the 3rd quarter worth approximately $73,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Commercial Metals during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMC. KeyCorp began coverage on shares of Commercial Metals in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft raised Commercial Metals to a “buy” rating in a research note on Friday. The Goldman Sachs Group began coverage on Commercial Metals in a research note on Wednesday, April 1st. They set a “neutral” rating and a $74.00 target price for the company. UBS Group raised Commercial Metals from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $89.00 in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lowered their target price on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Commercial Metals has an average rating of “Moderate Buy” and an average target price of $74.82.

Commercial Metals Stock Down 0.5%

Shares of Commercial Metals stock opened at $70.72 on Friday. Commercial Metals Company has a 52-week low of $45.50 and a 52-week high of $84.87. The company has a 50 day moving average of $65.82 and a 200 day moving average of $68.82. The company has a quick ratio of 1.55, a current ratio of 2.38 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.84 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.41 and a beta of 1.49.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results 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). Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, research analysts forecast that Commercial Metals Company will post 6.51 EPS for the current fiscal year.

Commercial Metals Increases Dividend

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

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.