Commercial Metals Company (NYSE:CMC) is expected to pay $0.12 on Nov 23, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Commercial Metals Company’s current price of $16.69, the dividend is 0.72%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 25, 2016. The stock increased 4.05% or $0.65 on November 4, hitting $16.69. About 2.62M shares traded hands or 91.24% up from the average. Commercial Metals Company (NYSE:CMC) has risen 0.66% since April 5, 2016 and is uptrending. It has underperformed by 1.29% the S&P500.
Commercial Metals Company manufactures, recycles and markets steel and metal products, related materials and services. The company has a market cap of $1.92 billion. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has a 26.81 P/E ratio. It has five business divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.18, from 0.98 in 2016Q1. The ratio fall, as 34 funds sold all Commercial Metals Company shares owned while 82 reduced positions. 26 funds bought stakes while 67 increased positions. They now own 100.85 million shares or 5.56% less from 106.79 million shares in 2016Q1.
Ray Gerald L And Assoc Ltd holds 0.05% of its portfolio in Commercial Metals Company (NYSE:CMC) for 16,900 shares. Kcg Inc accumulated 13,208 shares or 0% of the stock. Moreover, Oregon Pub Employees Retirement Fund has 0.03% invested in Commercial Metals Company (NYSE:CMC) for 66,192 shares. Wellington Mngmt Gp Ltd Liability Partnership accumulated 0% or 1.00 million shares. Convergence Prns Ltd Liability last reported 0.3% of its portfolio in the stock. Dimensional Fund Limited Partnership last reported 9.85M shares in the company. Louisiana State Employees Retirement has 0.03% invested in the company for 30,500 shares. Renaissance Ltd Company, a New York-based fund reported 433,800 shares. Glenmede Trust Na owns 86,720 shares or 0.01% of their US portfolio. The Minnesota-based Sit Invest Associate has invested 0% in Commercial Metals Company (NYSE:CMC). Jpmorgan Chase And has 1.08M shares for 0% of their US portfolio. The New York-based Richard Bernstein Ltd Liability Co has invested 0.25% in Commercial Metals Company (NYSE:CMC). Blackrock Gru holds 0% of its portfolio in Commercial Metals Company (NYSE:CMC) for 126,606 shares. Dreman Value L L C reported 785 shares or 0.01% of all its holdings. Blackrock Inc last reported 80,193 shares in the company.
Insider Transactions: Since May 13, 2016, the stock had 0 insider purchases, and 2 sales for $123,717 net activity. Shares for $85,000 were sold by HICKEY ADAM R. $38,717 worth of Commercial Metals Company (NYSE:CMC) shares were sold by MASSARO ANTHONY A.
Commercial Metals Company (NYSE:CMC) Ratings Coverage
Out of 11 analysts covering Commercial Metals (NYSE:CMC), 3 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 27% are positive. Commercial Metals has been the topic of 15 analyst reports since August 17, 2015 according to StockzIntelligence Inc. JP Morgan maintained it with “Neutral” rating and $16 target price in Wednesday, December 30 report. Jefferies downgraded Commercial Metals Company (NYSE:CMC) on Monday, March 21 to “Hold” rating. The company was maintained on Wednesday, September 16 by Jefferies. The rating was initiated by Citigroup with “Neutral” on Monday, August 22. The stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by DA Davidson on Thursday, October 29. The rating was upgraded by Zacks on Wednesday, September 2 to “Buy”. The stock of Commercial Metals Company (NYSE:CMC) has “Sell” rating given on Monday, June 27 by Clarkson Platou. The firm earned “Sell” rating on Monday, March 28 by CLSA. The stock of Commercial Metals Company (NYSE:CMC) earned “Neutral” rating by Credit Suisse on Monday, March 28. Credit Agricole initiated Commercial Metals Company (NYSE:CMC) on Monday, August 17 with “Buy” rating.
More notable recent Commercial Metals Company (NYSE:CMC) news were published by: Prnewswire.com which released: “Commercial Metals Company Signs Definitive Asset Purchase Agreement for …” on October 26, 2016, also Prnewswire.com with their article: “Commercial Metals Company Announces Quarterly Dividend Of $0.12 Per Share” published on October 25, 2016, Nasdaq.com published: “Commercial Metals Company (CMC) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016. More interesting news about Commercial Metals Company (NYSE:CMC) were released by: Nasdaq.com and their article: “Commercial Metals Company Q4 Income Drops 92%” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “Commercial Metals (CMC) Q4 2016 Results – Earnings Call Transcript” with publication date: October 27, 2016.
CMC Company Profile
Commercial Metals Company, incorporated on August 29, 1946, and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network, including steel mini mills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mini mill, metal recycling facilities and marketing and distribution in the United States and in international markets. The Firm Americas Division operates utilizing three divisions: Americas Recycling, Americas Mills and Americas Fabrication. The Companyâ€™s International Division operates utilizing two divisions: International Mill and International Marketing and Distribution, which includes all marketing and distribution activities located outside the United States, as well as two United States trading and distribution divisions, CMC Cometals, located in Fort Lee, New Jersey and CMC Cometals-Steel, located in Irving, Texas. In October 2013, Commercial Metals Company completed the sale of Howell Metal Company, to Mueller Copper Tube Products, Inc., a subsidiary of Mueller Industries, Inc.
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