Thompson Siegel & Walmsley LLC Has $79.17 Million Stock Holdings in Commercial Metals (NYSE:CMC)

Thompson Siegel & Walmsley LLC boosted its position in shares of Commercial Metals (NYSE:CMC) by 58.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,440,531 shares of the basic materials company’s stock after purchasing an additional 528,876 shares during the quarter. Commercial Metals accounts for about 1.2% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 19th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in Commercial Metals were worth $79,172,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Commercial Metals during the third quarter worth $66,000. Archer Investment Corp bought a new position in shares of Commercial Metals during the 2nd quarter valued at about $77,000. GAMMA Investing LLC increased its stake in Commercial Metals by 21.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,572 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 282 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Commercial Metals during the 2nd quarter worth approximately $129,000. Finally, KBC Group NV lifted its stake in Commercial Metals by 15.9% in the third quarter. KBC Group NV now owns 3,099 shares of the basic materials company’s stock valued at $170,000 after buying an additional 425 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CMC. Wolfe Research cut Commercial Metals from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 9th. Jefferies Financial Group started coverage on Commercial Metals in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $65.00 target price on the stock. Finally, BMO Capital Markets set a $62.00 price target on shares of Commercial Metals and gave the stock a “market perform” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.25.

Commercial Metals Price Performance

NYSE:CMC opened at $59.75 on Thursday. Commercial Metals has a 52-week low of $43.52 and a 52-week high of $63.40. The company has a market cap of $6.81 billion, a P/E ratio of 14.43, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.78 and a current ratio of 3.94. The stock’s 50-day simple moving average is $55.10 and its 200 day simple moving average is $54.66.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, October 17th. The basic materials company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). Commercial Metals had a return on equity of 12.20% and a net margin of 6.13%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.07 billion. As a group, sell-side analysts forecast that Commercial Metals will post 4.35 EPS for the current fiscal year.

Commercial Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, October 31st. Commercial Metals’s dividend payout ratio (DPR) is presently 17.39%.

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.