Jones Financial Companies Lllp Has $82,000 Holdings in Commercial Metals (NYSE:CMC)

Jones Financial Companies Lllp lifted its position in shares of Commercial Metals (NYSE:CMC) by 22.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,646 shares of the basic materials company’s stock after buying an additional 297 shares during the quarter. Jones Financial Companies Lllp’s holdings in Commercial Metals were worth $82,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CMC. Heck Capital Advisors LLC acquired a new stake in shares of Commercial Metals during the fourth quarter worth $34,000. V Square Quantitative Management LLC increased its position in shares of Commercial Metals by 60.7% during the fourth quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company’s stock worth $35,000 after buying an additional 267 shares during the period. GAMMA Investing LLC increased its position in shares of Commercial Metals by 56.6% during the fourth quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company’s stock worth $130,000 after buying an additional 944 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Commercial Metals during the fourth quarter worth $134,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Commercial Metals by 10.0% during 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 acquiring an additional 254 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Stock Up 4.1 %

Commercial Metals stock opened at $46.33 on Monday. Commercial Metals has a 1-year low of $42.62 and a 1-year high of $64.53. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.17. The firm’s fifty day moving average price is $49.03 and its two-hundred day moving average price is $52.95. The company has a current ratio of 2.76, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29.

Commercial Metals (NYSE:CMC) last released its quarterly earnings data on Monday, January 6th. The basic materials company reported $0.78 earnings per share 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 firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm earned $1.49 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Commercial Metals will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Thursday, January 16th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, January 16th. Commercial Metals’s payout ratio is currently 64.86%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Commercial Metals from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets cut their target price on shares of Commercial Metals from $62.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, January 3rd. BNP Paribas lowered shares of Commercial Metals from an “outperform” rating to a “neutral” rating in a research note on Friday, January 3rd. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research note on Monday, December 2nd. They set a “buy” rating and a $75.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of Commercial Metals from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.83.

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.