Commercial Metals (NYSE:CMC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Commercial Metals (NYSE:CMC) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.89 EPS, FY2026 earnings at $6.62 EPS, Q1 2027 earnings at $1.77 EPS, Q2 2027 earnings at $1.43 EPS, Q3 2027 earnings at $1.81 EPS, Q4 2027 earnings at $2.05 EPS, FY2027 earnings at $7.06 EPS, Q1 2028 earnings at $1.80 EPS, Q2 2028 earnings at $1.51 EPS, Q3 2028 earnings at $1.84 EPS and FY2028 earnings at $7.22 EPS.

A number of other equities research analysts have also issued reports on CMC. BMO Capital Markets reduced their price target on Commercial Metals from $80.00 to $77.00 and set a “market perform” rating on the stock in a research report on Monday, June 29th. Citigroup lowered their price objective on Commercial Metals from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Morgan Stanley upped their target price on shares of Commercial Metals from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Weiss Ratings raised shares of Commercial Metals from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Jefferies Financial Group upgraded shares of Commercial Metals from a “buy” rating to a “buy” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.45.

Commercial Metals Stock Up 3.9%

Commercial Metals stock opened at $66.14 on Monday. The firm has a market capitalization of $7.32 billion, a P/E ratio of 12.46, a P/E/G ratio of 0.37 and a beta of 1.54. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. Commercial Metals has a twelve month low of $49.66 and a twelve month high of $84.87. The stock’s fifty day simple moving average is $70.75 and its 200-day simple moving average is $70.67.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a return on equity of 15.69% and a net margin of 6.72%.The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the business posted $0.74 earnings per share. Commercial Metals’s revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts expect that Commercial Metals will post 6.63 earnings per share for the current fiscal year.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, July 6th. This represents a $0.80 annualized dividend and a yield of 1.2%. Commercial Metals’s payout ratio is presently 15.07%.

Insider Transactions at Commercial Metals

In other Commercial Metals news, CEO Peter R. Matt purchased 8,230 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of $61.30 per share, with a total value of $504,499.00. Following the completion of the acquisition, the chief executive officer directly owned 181,522 shares of the company’s stock, valued at $11,127,298.60. This trade represents a 4.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by company insiders.

Institutional Trading of Commercial Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Commercial Metals by 1.5% in the 4th quarter. State Street Corp now owns 6,361,477 shares of the basic materials company’s stock valued at $440,341,000 after buying an additional 91,104 shares in the last quarter. Boston Partners raised its stake in Commercial Metals by 1.9% during the 3rd quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock worth $208,629,000 after acquiring an additional 67,139 shares in the last quarter. Geode Capital Management LLC lifted its position in Commercial Metals by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock valued at $202,626,000 after acquiring an additional 86,749 shares during the last quarter. Invesco Ltd. lifted its position in Commercial Metals by 4.8% in the third quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock valued at $95,144,000 after acquiring an additional 76,365 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Commercial Metals by 87.4% in the first quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock valued at $100,205,000 after acquiring an additional 760,985 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Commercial Metals Company Profile

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.