Is Commercial Metals Co. (NYSE: CMC) Still On The Rise?

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.

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Stocks Info

This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. The current market capitalization of Commercial Metals Co. is $6.27B. A total of 0.86 million shares were traded on the day, compared to an average of 761.05K shares.

In the most recent transaction, Smith Barbara sold 35,704 shares of CMC for 57.88 per share on Mar 27 ’24. After the transaction, the Executive Chairman now owns 36,196 company shares. In a previous transaction on Feb 07 ’24, Smith Barbara sold 23,619 shares at 51.65 per share. CMC shares that Executive Chairman owns now total 72,400.

Among the insiders who sold shares, Smith Barbara disposed of 60,166 shares on Feb 02 ’24 at a per-share price of $51.28. This resulted in the Executive Chairman holding 96,019 shares of CMC after the transaction. In another insider transaction, SLOAN LINDSAY L sold 600 shares at $51.52 per share on Jan 26 ’24. Company shares held by the VP & Chief Accounting Officer now total 12,338.

Dividend

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 $0.68, resulting in a dividend yield of 1.25%, and it has a price to earnings (P/E) ratio of 11.35. CMC’s most recent ex-dividend date was 7/1/2024 when it declared a $0.18 quarterly dividend that was paid in cash on 7/10/2024. Previously, the company paid the dividend on 4/10/2024 with an ex-dividend date of 3/28/2024. The CMC stock dividend was $0.18 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. In terms of 52-week highs and lows, CMC has a high of $61.26 and a low of $39.85.

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 $37.00, 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 4.14.

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