Oregon Public Employees Retirement Fund trimmed its position in shares of Commercial Metals (NYSE:CMC – Get Rating) by 2.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 38,276 shares of the basic materials company’s stock after selling 900 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Commercial Metals were worth $1,593,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of Commercial Metals during the fourth quarter valued at about $29,000. CWM LLC lifted its position in shares of Commercial Metals by 222.2% during the first quarter. CWM LLC now owns 828 shares of the basic materials company’s stock valued at $34,000 after buying an additional 571 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in shares of Commercial Metals during the fourth quarter valued at about $36,000. Exchange Traded Concepts LLC lifted its position in shares of Commercial Metals by 127.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,135 shares of the basic materials company’s stock valued at $41,000 after buying an additional 636 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Commercial Metals during the fourth quarter valued at about $154,000. 85.01% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Barbara Smith sold 4,101 shares of Commercial Metals stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $43.45, for a total value of $178,188.45. Following the sale, the chief executive officer now owns 533,785 shares of the company’s stock, valued at approximately $23,192,958.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John R. Mcpherson purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The stock was bought at an average cost of $40.55 per share, for a total transaction of $202,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $202,750. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

CMC has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Commercial Metals from $40.00 to $45.00 and gave the company a “market perform” rating in a research report on Friday, March 18th. The Goldman Sachs Group decreased their price objective on shares of Commercial Metals from $42.00 to $38.00 in a research report on Tuesday, May 31st. StockNews.com lowered shares of Commercial Metals from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Credit Suisse Group increased their price objective on shares of Commercial Metals from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, June 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Commercial Metals from $55.00 to $54.00 in a research report on Tuesday, June 14th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Commercial Metals presently has a consensus rating of “Hold” and an average target price of $42.80.

CMC opened at $33.99 on Friday. Commercial Metals has a 12-month low of $28.76 and a 12-month high of $46.68. The company has a current ratio of 2.48, a quick ratio of 1.51 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.10 billion, a PE ratio of 3.86 and a beta of 1.19. The firm has a 50 day moving average of $37.50 and a two-hundred day moving average of $38.18.

Commercial Metals (NYSE:CMC – Get Rating) last issued its quarterly earnings data on Thursday, June 16th. The basic materials company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $1.14. Commercial Metals had a net margin of 12.66% and a return on equity of 31.92%. During the same quarter in the previous year, the business posted $1.04 EPS. As a group, analysts predict that Commercial Metals will post 7.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Wednesday, June 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.65%. Commercial Metals’s payout ratio is 6.36%.

About Commercial Metals (Get Rating)

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. 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.

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