VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 8,700 Shares of Commercial Metals Company $CMC

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Commercial Metals Company (NYSE:CMC) by 56.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,114 shares of the basic materials company’s stock after acquiring an additional 8,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Commercial Metals were worth $1,669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in Commercial Metals by 2.6% in the third quarter. State Street Corp now owns 6,270,373 shares of the basic materials company’s stock worth $359,167,000 after acquiring an additional 161,195 shares in the last quarter. Boston Partners boosted its position in shares of Commercial Metals by 1.9% during the third quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock valued at $208,629,000 after buying an additional 67,139 shares during the period. American Century Companies Inc. boosted its position in shares of Commercial Metals by 6.6% during the third quarter. American Century Companies Inc. now owns 1,823,923 shares of the basic materials company’s stock valued at $104,474,000 after buying an additional 112,267 shares during the period. Invesco Ltd. boosted its position in shares of Commercial Metals by 4.8% during the third quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock valued at $95,144,000 after buying an additional 76,365 shares during the period. Finally, UBS Group AG boosted its position in shares of Commercial Metals by 41.8% during the third quarter. UBS Group AG now owns 1,521,130 shares of the basic materials company’s stock valued at $87,130,000 after buying an additional 448,083 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMC. Wells Fargo & Company decreased their target price on Commercial Metals from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, March 27th. JPMorgan Chase & Co. lowered their target price on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Zacks Research lowered Commercial Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, UBS Group raised Commercial Metals from a “neutral” rating to a “buy” rating and upped their target price for the company from $79.00 to $89.00 in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.80.

Trending Headlines about Commercial Metals

Here are the key news stories impacting Commercial Metals this week:

• Positive Sentiment: UBS upgraded Commercial Metals to Buy, saying rebar demand has held up better than expected, which supports the stock’s long-term outlook. Commercial Metals upgraded to buy at UBS as rebar proves resistant
• Neutral Sentiment: Zacks Research cut FY2026 EPS to $6.55 from $6.71 and FY2027 EPS to $6.70 from $6.91, but both estimates remain close to or above the current full-year consensus of $6.54, limiting the immediate downside impact.
• Neutral Sentiment: The firm also lowered quarterly estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, and FY2028, indicating a broad but relatively small reduction in expected earnings power.
• Negative Sentiment: Repeated estimate cuts can signal analysts see a tougher earnings path ahead for Commercial Metals Company (CMC), which may be pressuring the stock despite the company’s recent strong revenue growth and solid balance sheet.

Commercial Metals Price Performance

NYSE:CMC opened at $71.25 on Friday. Commercial Metals Company has a one year low of $45.50 and a one year high of $84.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.55 and a current ratio of 2.38. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.42 and a beta of 1.49. The firm’s fifty day moving average is $65.51 and its two-hundred day moving average is $68.48.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s revenue was up 21.5% compared to the same quarter last year. Research analysts expect that Commercial Metals Company will post 6.54 EPS for the current year.

Commercial Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, April 6th. This is an increase from Commercial Metals’s previous quarterly dividend of $0.18. Commercial Metals’s dividend payout ratio is currently 16.04%.

About Commercial Metals

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.