Thompson Siegel & Walmsley LLC Has $52.53 Million Holdings in Commercial Metals Company $CMC

Thompson Siegel & Walmsley LLC lessened its position in Commercial Metals Company (NYSE:CMC) by 42.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 758,872 shares of the basic materials company’s stock after selling 565,153 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Commercial Metals were worth $52,529,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC grew its position 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 purchasing an additional 324 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Commercial Metals by 110.7% in the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 301 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Commercial Metals in the fourth quarter worth $54,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Commercial Metals during the third quarter valued at $73,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 708 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

CMC has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Commercial Metals from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. KeyCorp assumed coverage on shares of Commercial Metals in a research report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Morgan Stanley reissued an “overweight” rating and set a $83.00 target price on shares of Commercial Metals in a research note on Friday. UBS Group upgraded shares of Commercial Metals from a “neutral” rating to a “buy” rating and boosted their price target for the company from $79.00 to $89.00 in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.10.

Commercial Metals Trading Up 0.2%

Commercial Metals stock opened at $76.21 on Monday. Commercial Metals Company has a one year low of $45.50 and a one year high of $84.87. The company’s fifty day moving average price is $67.27 and its two-hundred day moving average price is $69.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.38 and a quick ratio of 1.55. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 0.45 and a beta of 1.50.

Commercial Metals (NYSE:CMC) last released its quarterly earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $0.26 EPS. The business’s revenue was up 21.5% compared to the same quarter last year. On average, analysts forecast that Commercial Metals Company will post 6.45 earnings per share for the current fiscal year.

Commercial Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were given a $0.20 dividend. This is a positive change from Commercial Metals’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, April 6th. Commercial Metals’s payout ratio is 16.04%.

About Commercial Metals

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.