AE Wealth Management LLC acquired a new stake in shares of Commercial Metals (NYSE:CMC – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,025 shares of the basic materials company’s stock, valued at approximately $221,000.
Other hedge funds have also recently made changes to their positions in the company. First Dallas Securities Inc. lifted its stake in Commercial Metals by 0.8% during the 2nd quarter. First Dallas Securities Inc. now owns 22,234 shares of the basic materials company’s stock valued at $1,222,000 after acquiring an additional 185 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Commercial Metals by 0.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,778 shares of the basic materials company’s stock valued at $1,473,000 after purchasing an additional 187 shares during the last quarter. Congress Asset Management Co. MA grew its position in Commercial Metals by 0.4% during the 4th quarter. Congress Asset Management Co. MA now owns 67,943 shares of the basic materials company’s stock worth $3,400,000 after purchasing an additional 251 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Commercial Metals by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,615 shares of the basic materials company’s stock valued at $749,000 after buying an additional 276 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Commercial Metals by 21.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,572 shares of the basic materials company’s stock valued at $86,000 after buying an additional 282 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.
Commercial Metals Stock Performance
CMC opened at $55.00 on Friday. The firm’s fifty day simple moving average is $53.82 and its two-hundred day simple moving average is $54.73. Commercial Metals has a 52-week low of $39.85 and a 52-week high of $61.26. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 11.46 and a beta of 1.15. The company has a quick ratio of 2.83, a current ratio of 4.24 and a debt-to-equity ratio of 0.27.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Commercial Metals
Commercial Metals Company Profile
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
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