Stephens Inc. AR Purchases New Position in Commercial Metals Company $CMC

Stephens Inc. AR purchased a new position in Commercial Metals Company (NYSE:CMC) in the first quarter, HoldingsChannel reports. The fund purchased 8,490 shares of the basic materials company’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC boosted its position in Commercial Metals by 110.7% during the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 301 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Commercial Metals in the 4th quarter worth approximately $54,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Commercial Metals by 617.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 716 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Commercial Metals in the 4th quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Commercial Metals by 84.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,550 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 708 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America reduced their price target on Commercial Metals from $84.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley boosted their target price on shares of Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. UBS Group raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and upped their target price for the stock from $79.00 to $89.00 in a research report on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price target on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Finally, Wall Street Zen cut shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Commercial Metals has a consensus rating of “Moderate Buy” and a consensus price target of $79.45.

Key Commercial Metals News

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

• Positive Sentiment: Zacks Research raised its earnings outlook for Commercial Metals across FY2026, FY2027, and FY2028, signaling improved profit expectations for the company.
• Positive Sentiment: Several quarterly estimates were also increased, including Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, and Q3 2028, reinforcing the view that earnings momentum may be improving.
• Neutral Sentiment: Despite the higher estimates, Zacks Research maintained its Strong Sell rating, which tempers the otherwise constructive earnings revisions.

Commercial Metals Stock Up 4.1%

Shares of Commercial Metals stock traded up $2.47 during midday trading on Friday, hitting $62.59. The company had a trading volume of 1,099,036 shares, compared to its average volume of 1,516,496. Commercial Metals Company has a 52-week low of $49.66 and a 52-week high of $84.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33. The stock has a market capitalization of $6.92 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.36 and a beta of 1.54. The company has a 50 day moving average of $70.93 and a 200 day moving average of $70.75.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data 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 business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities analysts predict that Commercial Metals Company will post 6.63 earnings per share for the current fiscal year.

Commercial Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, July 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Commercial Metals’s dividend payout ratio (DPR) is presently 15.07%.

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.