Commercial Metals (NYSE:CMC) Research Coverage Started at KeyCorp

KeyCorp began coverage on shares of Commercial Metals (NYSE:CMC) in a research report report published on Wednesday, MarketBeat Ratings reports. The firm issued a sector weight rating on the basic materials company’s stock.

A number of other equities analysts also recently issued reports on CMC. Weiss Ratings reiterated a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $84.00 price objective on shares of Commercial Metals in a research report on Tuesday, December 30th. Wall Street Zen upgraded shares of Commercial Metals from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Morgan Stanley lifted their target price on shares of Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. upgraded shares of Commercial Metals from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $64.00 to $78.00 in a research note on Friday, December 5th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Commercial Metals Trading Down 2.1%

CMC stock opened at $58.25 on Wednesday. The company has a market capitalization of $6.46 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.70 and a current ratio of 2.38. Commercial Metals has a one year low of $37.92 and a one year high of $84.87. The company’s 50 day moving average price is $72.60 and its two-hundred day moving average price is $66.50.

Commercial Metals (NYSE:CMC) last issued its earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.12). The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. As a group, analysts predict that Commercial Metals will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, April 6th. This is a positive change from Commercial Metals’s previous quarterly dividend of $0.18. Commercial Metals’s dividend payout ratio is 18.56%.

Insider Transactions at Commercial Metals

In other Commercial Metals news, Director Dennis V. Arriola bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was acquired at an average cost of $74.69 per share, for a total transaction of $149,380.00. Following the completion of the transaction, the director owned 9,238 shares in the company, valued at $689,986.22. This trade represents a 27.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer J. Durbin sold 25,050 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 52,880 shares in the company, valued at $4,228,813.60. This represents a 32.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Commercial Metals

A number of hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its holdings in Commercial Metals by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 38,839 shares of the basic materials company’s stock worth $2,686,000 after buying an additional 9,102 shares during the period. Rockefeller Capital Management L.P. raised its position in Commercial Metals by 23.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,673 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 314 shares in the last quarter. Corient Private Wealth LLC raised its position in Commercial Metals by 0.9% during the fourth quarter. Corient Private Wealth LLC now owns 23,615 shares of the basic materials company’s stock valued at $1,635,000 after acquiring an additional 216 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Commercial Metals by 617.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 716 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in Commercial Metals by 7.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,803 shares of the basic materials company’s stock worth $955,000 after purchasing an additional 986 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Key Headlines Impacting Commercial Metals

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

• Positive Sentiment: Revenue and EBITDA strength — Q2 revenue topped estimates and consolidated core EBITDA roughly doubled year‑over‑year, with meaningful margin expansion driven by the Construction Solutions (precast) acquisition, supporting medium‑term growth and operating leverage. PR Newswire: Q2 Results
• Positive Sentiment: Capital returns and leverage progress — management raised capital returns (dividend increase and buybacks), reported reduced net leverage and reiterated a goal to reach ~2x leverage within the committed timeframe, which supports shareholder value and reduces financing risk. TipRanks: Dividend & Returns
• Positive Sentiment: Management guidance and backlog — the company expects sequential EBITDA gains (CSG strength) and reports healthy bookings/backlog ahead of the construction season, giving a clear operational catalyst for FQ3 improvement. MarketBeat: Outlook
• Neutral Sentiment: Analyst coverage and differing views — some firms (e.g., Bank of America maintained a Buy) continue to support CMC, while others began or adjusted coverage; this keeps the stock on screens but creates mixed sell‑side signals. TipRanks: Analyst Note
• Neutral Sentiment: Technical/positioning commentary — some market pieces argue the pullback is a buying opportunity (institutional accumulation, short interest dynamics), which may blunt downside but depends on execution. MarketBeat: Technical
• Negative Sentiment: EPS miss — adjusted EPS of $1.16 came in below the $1.28 consensus, and that shortfall is the proximate cause of intraday weakness despite the revenue beat. Zacks: Q2 Earnings Miss
• Negative Sentiment: Analyst cuts on forecasts/targets — several firms trimmed forecasts or lowered price targets after the print (Benzinga notes broader cuts; JPMorgan trimmed PT to $83 and Wells Fargo to $77), which increases near‑term selling pressure. Benzinga: Analysts Slash Forecasts
• Negative Sentiment: Market reaction — some outlets report the stock slipped despite strong revenue and backlog, reflecting investor focus on the EPS miss and uncertainty around acquisition accounting/one‑time items. Blockonomi: Stock Reaction

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.