Commercial Metals Company (CMC) Earning Somewhat Favorable Media Coverage, Analysis Shows

The firm owned 96,166 shares of the basic materials company's stock after selling 154,655 shares during the period. Norges Bank bought a new position in Commercial Metals Company during the fourth quarter valued at about $38,100,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,331 shares of the basic materials company's stock worth $102,000 after buying an additional 2,142 shares during the period. Glen Harbor Capital Management LLC raised its stake in Commercial Metals Company by 13.6% in the first quarter. Meadow Creek Investment Management LLC now owns 7,000 shares of the basic materials company's stock worth $134,000 after buying an additional 840 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. Louisiana State Employees Retirement System now owns 29,200 shares of the basic materials company's stock worth $559,000 after buying an additional 600 shares in the last quarter. Glen Harbor Capital Management LLC now owns 8,500 shares of the basic materials company's stock valued at $162,000 after buying an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 89.73% of the company's stock.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Commercial Metals Company (CMC) stands at -9.67 while the industry's and the sector's growth for next 5 years ticked at -2.03 and 2.3 respectively. The stock traded at a volume of 2.48 million shares. The market capitalization of the company is at $2.33 Billion. $4.75's average target is -1.04% below currents $4.8 stock price. Commercial Metals Company (NYSE:CMC) notched a 12-month high of $20.22 while $26.00 target is by far the most aggressive out of analysts who are now evaluating CMC, $5.78 higher than the next highest 52-week price estimate.

Shares of Commercial Metals Company (NYSE CMC) opened at 19.69 on Wednesday. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11.

Walthausen & Company decreased Commercial Metals Co (CMC) stake by 49.19% reported in 2016Q4 SEC filing. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business posted $0.31 EPS. Commercial Metals Company's revenue was up 12.6% on a year-over-year basis. Analysts expect that Commercial Metals Company will post $0.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Thursday, July 6th will be issued a $0.12 dividend. The dividend yield will be $2.41. The ex-dividend date of this dividend is Monday, July 3rd. Commercial Metals Company's dividend payout ratio is presently 73.85%.

ILLEGAL ACTIVITY NOTICE: This report was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another website, it was illegally copied and reposted in violation of USA & global copyright & trademark legislation. Finally, Deutsche Bank AG dropped their price target on shares of Commercial Metals Company to $26.00 and set a "buy" rating on the stock in a report on Tuesday, March 21st. BidaskClub upgraded shares of Commercial Metals Company from a "sell" rating to a "hold" rating in a research note on Wednesday, June 14th. Credit Suisse Group upgraded Commercial Metals Company from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $19.00 to $24.00 in a research note on Tuesday, March 28th. Citigroup Inc. upgraded shares of Commercial Metals Company from a neutral rating to a buy rating and boosted their price objective for the stock from $21.00 to $22.00 in a research note on Tuesday, June 13th. Commercial Metals Company now has a consensus rating of "Hold" and a consensus 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 Company operates in five business segments across two geographic divisions, which include CMC Americas Division, which includes three segments, including Americas Recycling, Americas Mills and Americas Fabrication, and CMC International Division, which includes two segments, including International Mill, and International Marketing and Distribution. 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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