Commercial Metals (NYSE:CMC) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Commercial Metals (NYSE:CMC) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports. Zacks Research also issued estimates for Commercial Metals’ Q1 2027 earnings at $1.65 EPS.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group set a $85.00 price objective on shares of Commercial Metals and gave the company a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a research report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating on shares of Commercial Metals in a report on Monday, October 27th. Wall Street Zen upgraded Commercial Metals from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Citigroup upped their target price on Commercial Metals from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.70.

Commercial Metals Stock Performance

Shares of CMC stock opened at $82.64 on Tuesday. The business has a fifty day moving average of $71.96 and a 200 day moving average of $62.56. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $84.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.47 and a quick ratio of 3.70. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 0.44 and a beta of 1.49.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Thursday, January 8th. The basic materials company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.29. Commercial Metals had a return on equity of 11.43% and a net margin of 5.46%.The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts expect that Commercial Metals will post 3.09 earnings per share for the current year.

Commercial Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 16th. Commercial Metals’s dividend payout ratio (DPR) is presently 18.56%.

Insider Buying and Selling

In other news, insider Jennifer J. Durbin sold 25,050 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the transaction, the insider owned 52,880 shares in the company, valued at $4,228,813.60. This trade represents a 32.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis V. Arriola acquired 2,000 shares of Commercial Metals stock in a transaction on Tuesday, January 20th. The shares were bought at an average price of $74.69 per share, with a total value of $149,380.00. Following the completion of the transaction, the director directly owned 9,238 shares of the company’s stock, valued at $689,986.22. This trade represents a 27.63% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Commercial Metals

Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Commercial Metals during the third quarter valued at approximately $25,000. Rothschild Investment LLC raised its stake in Commercial Metals by 169.6% in the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 324 shares during the last quarter. Spire Wealth Management raised its stake in Commercial Metals by 42.4% in the 3rd quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 183 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Commercial Metals by 282.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 692 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 511 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Commercial Metals during the 4th quarter worth $54,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.