Insider Selling: Adam B. Batchelor Sells 1,100 Shares of Commercial Metals Company Stock (CMC)
Commercial Metals Company (NYSE:CMC) VP Adam B. Batchelor unloaded 1,100 shares of Commercial Metals Company stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $17.31, for a total transaction of $19,041.00. Following the completion of the transaction, the vice president now directly owns 9,367 shares of the company’s stock, valued at approximately $162,143. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Commercial Metals Company in a research note on Monday, June 30th. They now have a $23.00 price target on the stock, down previously from $25.00. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Commercial Metals Company presently has a consensus rating of “Hold” and an average target price of $20.12.
Shares of Commercial Metals Company (NYSE:CMC) opened at 17.38 on Tuesday. Commercial Metals Company has a one year low of $14.67 and a one year high of $21.20. The stock’s 50-day moving average is $17.48 and its 200-day moving average is $18.50. The company has a market cap of $2.048 billion and a P/E ratio of 23.65.
Commercial Metals Company (NYSE:CMC) last released its earnings results on Friday, June 27th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.01. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted $0.16 earnings per share. Commercial Metals Company’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Commercial Metals Company will post $0.83 EPS for the current fiscal year.
Commercial Metals Company together with 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.
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