Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 12,572,181 shares of the stock are valued at $254.71 million. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Glen Harbor Capital Management LLC raised its stake in Commercial Metals Company by 13.6% in the first quarter. Advantus Capital Management Inc now owns 14,796 shares of the basic materials company's stock valued at $283,000 after buying an additional 436 shares during the period.
Walthausen & Company increased Mgp Ingredients Inc (NASDAQ:MGPI) stake by 30,480 shares to 305,610 valued at $15.27 million in 2016Q4. Finally, First Manhattan Co. increased its position in Commercial Metals Company by 2.4% in the first quarter. First Manhattan Co. now owns 537,857 shares of the basic materials company's stock worth $8,707,000 after buying an additional 12,502 shares in the last quarter. Elkfork Partners LLC now owns 5,500 shares of the basic materials company's stock valued at $105,000 after buying an additional 660 shares during the period. With 1.89M avg volume, 3 days are for Commercial Metals Company (NYSE:CMC)'s short sellers to cover CMC's short positions. The firm owned 52,462 shares of the basic materials company's stock after buying an additional 1,385 shares during the period.
Price/Earnings to growth ratio for the company is 0.82 and the stock shows its Price/Sales (ttm) of 0.49 and Price/Book for the most recent quarter of 1.65. The stock's market capitalization is 2.31B, it has a 52-week low of 14.57 and a 52-week high of 24.64.
The share price of the company (NYSE:CMC) was down -2.12% during the last trading session, with a high of 20.32 and the volume of Commercial Metals Company shares traded was 1489574. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.11.
Commercial Metals Company was upgraded to "buy" by analysts at Citigroup. Revenue for the quarter also killed consensus, coming in at $1.38 Billion, compared to the consensus of 1.34 Billion. During the same quarter in the prior year, the firm posted $0.31 EPS. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.24.
The company also recently announced a dividend for shareholders payable on Thursday July 20th, 2017. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, July 3rd.
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However, those efforts have failed to boost the company's stock much beyond the level where it traded at the beginning of this year.
03/28/2017 - Commercial Metals Company was upgraded to "outperform" by analysts at Credit Suisse.
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CMC has been the subject of a number of other research reports.
03/21/2017 - Commercial Metals Company had its "buy" rating reiterated by analysts at Deutsche Bank. Jefferies Group LLC reissued a "hold" rating and issued a $19.00 target price on shares of Commercial Metals Company in a research note on Wednesday, June 28th. Bank of America Corporation reaffirmed a "neutral" rating and set a $20.00 price target (up previously from $19.00) on shares of Commercial Metals Company in a report on Sunday, June 25th.
Receive Commercial Metals Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals Company with MarketBeat.com's FREE daily email newsletter. The lowest 12-month price target for the shares is $14.00, which would be decrease of about -31% of its current value. 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, angles, flats and rounds.
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