The firm owned 96,166 shares of the basic materials company's stock after selling 154,655 shares during the period.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Finally, First Manhattan Co. increased its position in Commercial Metals Company by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 1,091,324 shares of the basic materials company's stock valued at $20,877,000 after buying an additional 95,826 shares during the last quarter.
Walthausen & Company increased Mgp Ingredients Inc (NASDAQ:MGPI) stake by 30,480 shares to 305,610 valued at $15.27 million in 2016Q4. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Commercial Metals Company during the first quarter valued at about $13,580,000. 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 in the last quarter. Parametric Portfolio Associates LLC increased its position in Commercial Metals Company by 29.3% in the first quarter. Glen Harbor Capital Management LLC now owns 8,500 shares of the basic materials company's stock worth $162,000 after buying an additional 1,020 shares during the period. 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.
Commercial Metals Company now has a P/E ratio of 30.65 and market capitalization is 2.30B.
Commercial Metals Company (CMC) now has P/E (Price to Earnings) ratio of 29.8 while the company's industry has 18.55 P/E and the sector P/E is 35.99.
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. Commercial Metals Company has a 52-week low of $14.57 and a 52-week high of $24.64.
Commercial Metals Company (NYSE:CMC) traded down 2.12% during trading on Tuesday, reaching $19.83. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11.
By having an overview of the Income statement for Commercial Metals Company (NYSE:CMC) the Revenue for the trailing twelve months is 4.82 Billion.
VICE PRESIDENT OF STRATEG, BATCHELOR ADAM B., sold 5,372 common shares of Commercial Metals Company (CMC) in the open market. Commercial Metals Company's revenue was up 12.6% compared to the same quarter past year. During the same quarter in the previous year, the business posted $0.31 EPS. They expect $1.49 earnings per share, up 9.56% or $0.13 from last year's $1.36 per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th will be issued a $0.12 dividend. The latest reports which are outstanding on Sunday 16th of July state 2 analysts have a rating of "strong buy", 1 analysts "buy", 5 analysts "neutral", 1 analysts "sell" and 0 analysts "strong sell".
According to Yahoo Finance, The Dividend Date for Commercial Metals Company is Jul 20, 2017 and its Ex-Dividend Date is Jul 3, 2017. Commercial Metals Company's dividend payout ratio is now 73.85%.
TRADEMARK VIOLATION WARNING: This story was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA & global copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/07/15/commercial-metals-company-nysecmc-stake-raised-by-ubs-group-ag.html. Clarkson Platou downgraded the shares of CMC in report on Monday, June 27 to "Sell" rating. Bank of America Corporation downgraded Commercial Metals Company from a "buy" rating to a "neutral" rating and decreased their price target for the company from $21.00 to $19.00 in a research note on Thursday, June 8th. Citigroup Inc. raised shares of Commercial Metals Company from a "neutral" rating to a "buy" rating and raised their price target for the company from $21.00 to $22.00 in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a "hold" rating and set a $19.00 price target on shares of Commercial Metals Company in a report on Wednesday, May 24th. The stock presently has a consensus rating of Hold and an average target price of $22.00.
Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar, angles, flats and rounds. Looking at the other side of the coin, CMC traded as low as $14.57 in the past 52 weeks, and since then the shares have risen 39.05% or $5.69.