Hantz Financial Services Inc. Buys 14,537 Shares of Commercial Metals (NYSE:CMC)

Hantz Financial Services Inc. boosted its stake in shares of Commercial Metals (NYSE:CMC) by 92.8% in the fourth quarter, Holdings Channel reports. The firm owned 30,205 shares of the basic materials company’s stock after acquiring an additional 14,537 shares during the period. Hantz Financial Services Inc.’s holdings in Commercial Metals were worth $1,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMC. nVerses Capital LLC bought a new stake in shares of Commercial Metals during the 3rd quarter worth $66,000. GAMMA Investing LLC boosted its holdings in Commercial Metals by 56.6% during the fourth quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 944 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Commercial Metals in the fourth quarter valued at about $134,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Commercial Metals by 10.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 254 shares during the period. Finally, KBC Group NV lifted its position in shares of Commercial Metals by 15.9% during the 3rd quarter. KBC Group NV now owns 3,099 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CMC shares. Jefferies Financial Group lowered their target price on Commercial Metals from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, January 6th. BNP Paribas lowered shares of Commercial Metals from an “outperform” rating to a “neutral” rating in a research report on Friday, January 3rd. UBS Group raised shares of Commercial Metals from a “sell” rating to a “neutral” rating and reduced their price target for the company from $56.00 to $54.00 in a report on Friday, January 10th. Morgan Stanley began coverage on shares of Commercial Metals in a research report on Thursday, December 19th. They set an “equal weight” rating and a $65.00 price objective for the company. Finally, BMO Capital Markets decreased their target price on Commercial Metals from $62.00 to $58.00 and set a “market perform” rating on the stock in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.83.

Commercial Metals Stock Performance

NYSE CMC opened at $48.49 on Friday. Commercial Metals has a twelve month low of $45.50 and a twelve month high of $64.53. The company has a quick ratio of 1.94, a current ratio of 2.76 and a debt-to-equity ratio of 0.29. The stock has a market cap of $5.51 billion, a P/E ratio of 43.69, a PEG ratio of 2.57 and a beta of 1.19. The company’s 50-day simple moving average is $53.49 and its 200 day simple moving average is $54.44.

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

Commercial Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Thursday, January 16th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, January 16th. Commercial Metals’s dividend payout ratio is currently 64.86%.

Commercial Metals 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.