Yousif Capital Management LLC Has $2.11 Million Stock Holdings in Commercial Metals (NYSE:CMC)

Yousif Capital Management LLC reduced its stake in shares of Commercial Metals (NYSE:CMC) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,448 shares of the basic materials company’s stock after selling 1,725 shares during the quarter. Yousif Capital Management LLC’s holdings in Commercial Metals were worth $2,105,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Commercial Metals by 10.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 254 shares during the last quarter. Tectonic Advisors LLC grew its position in Commercial Metals by 1.6% in the third quarter. Tectonic Advisors LLC now owns 17,774 shares of the basic materials company’s stock valued at $977,000 after acquiring an additional 272 shares during the last quarter. Assetmark Inc. raised its stake in Commercial Metals by 6.4% during the third quarter. Assetmark Inc. now owns 4,602 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 277 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Commercial Metals by 4.2% during the third quarter. Verdence Capital Advisors LLC now owns 7,160 shares of the basic materials company’s stock worth $394,000 after acquiring an additional 287 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Commercial Metals by 6.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 5,796 shares of the basic materials company’s stock worth $288,000 after acquiring an additional 329 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Commercial Metals Price Performance

Commercial Metals stock opened at $50.81 on Tuesday. The firm has a market cap of $5.77 billion, a P/E ratio of 45.78, a P/E/G ratio of 2.58 and a beta of 1.18. The stock’s 50 day moving average is $51.94 and its 200 day moving average is $54.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. Commercial Metals has a one year low of $45.50 and a one year high of $64.53.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Monday, January 6th. The basic materials company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the firm posted $1.49 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts expect that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, January 16th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 16th. Commercial Metals’s dividend payout ratio (DPR) is presently 64.86%.

Analysts Set New Price Targets

CMC has been the subject of a number of research analyst reports. UBS Group upgraded shares of Commercial Metals from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $56.00 to $54.00 in a research report on Friday, January 10th. The Goldman Sachs Group initiated coverage on shares of Commercial Metals in a report on Monday, December 2nd. They set a “buy” rating and a $75.00 price target for the company. Morgan Stanley cut their price objective on Commercial Metals from $65.00 to $56.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group lowered their target price on Commercial Metals from $65.00 to $62.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, BNP Paribas downgraded Commercial Metals from an “outperform” rating to a “neutral” rating in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.33.

About Commercial Metals

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.