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Wednesday, December 6, 2023

Commercial Metals Co. (NYSE: CMC) May Be Attracting Institutional Investments

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Commercial Metals Co. (CMC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.20, or -0.44%, to $44.80. The Commercial Metals Co. has recorded 394,164 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that CMC Celebrates the Dedication of New Micro Mill in Mesa, Arizona.

Stocks Info

This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $45.00 and fluctuated between $45.72 as its day high and $44.88 as its day low. The current market capitalization of Commercial Metals Co. is $5.26B. A total of 1.11 million shares were traded on the day, compared to an average of 996.12K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CMC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 17 SELLs from insiders. Insiders purchased 56,134 shares during that period but sold 387,892.

In the most recent transaction, MATT PETER R bought 6,200 shares of CMC for 40.30 per share on Oct 23. After the transaction, the President and CEO now owns 92,182 company shares. In a previous transaction on Jul 25, Smith Barbara sold 48,300 shares at 56.51 per share. CMC shares that Chairman & CEO owns now total 283,785.

Among the insiders who sold shares, Smith Barbara disposed of 1,700 shares on Jul 18 at a per-share price of $56.45. This resulted in the Chairman & CEO holding 332,085 shares of CMC after the transaction. In another insider transaction, SLOAN LINDSAY L sold 100 shares at $55.17 per share on Jul 14. Company shares held by the VP & Chief Accounting Officer now total 11,855.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Commercial Metals Co. pays an annual dividend of $0.65, resulting in a dividend yield of 1.44%, and it has a price to earnings (P/E) ratio of 6.21. CMC’s most recent ex-dividend date was 10/25/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 11/9/2023. Previously, the company paid the dividend on 7/12/2023 with an ex-dividend date of 6/30/2023. The CMC stock dividend was $0.16 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CMC in the last 3 months, the mean price target is $56.40 with high estimates of $74.00 and low estimates of $48.00. In terms of 52-week highs and lows, CMC has a high of $58.09 and a low of $39.85.

As of this writing, CMC has an earnings estimate of $1.41 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.45 per share and a lower estimate of $1.36. The company reported an EPS of $2.02 in the last quarter, which was 14.80% higher than expectations of $1.76.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CMC’s latest balance sheet shows that the firm has $497.75M in Cash & Short Term Investments as of fiscal 2021. There were $1.07B in debt and $980.47M in liabilities at the time. Its Book Value Per Share was $35.37, while its Total Shareholder’s Equity was $2.30B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMC is Buy with a score of 3.80.

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