Commercial Metals Co. (NYSE: CMC) is 6.29% higher on its value in year-to-date trading and has touched a low of $39.85 and a high of $58.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMC stock was last observed hovering at around $52.73 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $53.19, the stock is -1.16% and 1.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.87% at the moment leaves the stock 5.82% off its SMA200. CMC registered 14.58% gain for a year compared to 6-month gain of 2.49%. The firm has a 50-day simple moving average (SMA 50) of $0.77 and a 200-day simple moving average (SMA200) of $5.17.
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The stock witnessed a 1.51% loss in the last 1 month and extending the period to 3 months gives it a 15.40%, and is -0.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.30% over the week and 2.38% over the month.
Commercial Metals Co. (CMC) has around 13022 employees, a market worth around $6.19B and $8.58B in sales. Current P/E ratio is 8.14 and Fwd P/E is 11.54. Profit margin for the company is 9.03%. Distance from 52-week low is 33.48% and -8.39% from its 52-week high. The company has generated returns on investments over the last 12 months (14.47%).
Commercial Metals Co. quarterly earnings per share for the current quarter are estimated at $0.73 with sales reaching $1.81B over the same period.The EPS is expected to shrink by -31.48% this year, but quarterly earnings will post -7.60% year-over-year.
592 institutions hold shares in Commercial Metals Co. (CMC), with institutional investors hold 89.00% of the company’s shares. The shares outstanding are 116.52M, and float is at 115.31M with Short Float at 2.57%. Institutions hold 88.33% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 16.0 million shares valued at $842.33 million. The investor’s holdings represent 13.68% of the CMC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 11.96 million shares valued at $629.93 million to account for 10.23% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 7.42 million shares representing 6.35% and valued at over $390.7 million, while FMR, LLC holds 5.62% of the shares totaling 6.57 million with a market value of $345.94 million.
Commercial Metals Co. (CMC) Insider Activity
The most recent transaction is an insider sale by Smith Barbara, the company’s Executive Chairman. SEC filings show that Smith Barbara sold 23,619 shares of the company’s common stock on Feb 07 ’24 at a price of $51.65 per share for a total of $1.22 million. Following the sale, the insider now owns 72400.0 shares.
Commercial Metals Co. disclosed in a document filed with the SEC on Feb 02 ’24 that Smith Barbara (Executive Chairman) sold a total of 60,166 shares of the company’s common stock. The trade occurred on Feb 02 ’24 and was made at $51.28 per share for $3.09 million. Following the transaction, the insider now directly holds 96019.0 shares of the CMC stock.
Still, SEC filings show that on Jan 26 ’24, SLOAN LINDSAY L (VP & Chief Accounting Officer) disposed off 600 shares at an average price of $51.52 for $30912.0. The insider now directly holds 12,338 shares of Commercial Metals Co. (CMC).
