Commercial Metals Company (CMC) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC boosted its stake in shares of Commercial Metals Company (NYSE:CMC) by 1.2% during the first quarter, Holdings Channel reports. The fund owned 54,595 shares of the basic materials company’s stock after buying an additional 668 shares during the period. Mason Street Advisors LLC’s holdings in Commercial Metals Company were worth $1,044,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMC. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Commercial Metals Company by 67.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,331 shares of the basic materials company’s stock valued at $102,000 after buying an additional 2,142 shares during the last quarter. Elkfork Partners LLC purchased a new stake in Commercial Metals Company during the fourth quarter valued at $105,000. Meadow Creek Investment Management LLC increased its stake in Commercial Metals Company by 13.6% in the first quarter. Meadow Creek Investment Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $134,000 after buying an additional 840 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in Commercial Metals Company by 13.6% in the first quarter. Glen Harbor Capital Management LLC now owns 8,500 shares of the basic materials company’s stock valued at $162,000 after buying an additional 1,020 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in Commercial Metals Company during the fourth quarter valued at $168,000. 88.74% of the stock is owned by institutional investors and hedge funds.

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

Shares of Commercial Metals Company (NYSE:CMC) opened at 19.19 on Friday. The company’s 50 day moving average price is $18.42 and its 200 day moving average price is $20.20. The firm has a market capitalization of $2.22 billion, a P/E ratio of 40.49 and a beta of 1.38. Commercial Metals Company has a one year low of $14.57 and a one year high of $24.64.

Commercial Metals Company (NYSE:CMC) last released its quarterly earnings data on Thursday, March 23rd. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.13. Commercial Metals Company had a return on equity of 6.77% and a net margin of 0.79%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts expect that Commercial Metals Company will post $0.88 EPS for the current fiscal year.

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Several research firms have recently weighed in on CMC. Clarkson Capital raised Commercial Metals Company from a “sell” rating to a “neutral” rating and increased their price objective for the company from $16.00 to $18.00 in a report on Wednesday, February 15th. Bank of America Corp downgraded Commercial Metals Company from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.00 to $19.00 in a report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price objective (down from $20.00) on shares of Commercial Metals Company in a report on Wednesday, April 19th. Credit Suisse Group AG raised Commercial Metals Company from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $24.00 in a report on Tuesday, March 28th. Finally, Deutsche Bank AG decreased their price target on Commercial Metals Company to $26.00 and set a “buy” rating for the company in a report on Tuesday, March 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.75.

Commercial Metals Company Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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