KeyCorp Begins Coverage on Commercial Metals (NYSE:CMC)

Analysts at KeyCorp assumed coverage on shares of Commercial Metals (NYSE:CMC) in a note issued to investors on Wednesday, MarketBeat reports. The firm set a “sector weight” rating on the basic materials company’s stock.

CMC has been the subject of several other reports. Wall Street Zen upgraded Commercial Metals from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. upgraded shares of Commercial Metals from a “neutral” rating to an “overweight” rating and raised their price target for the company from $64.00 to $78.00 in a research note on Friday, December 5th. The Goldman Sachs Group restated a “buy” rating and set a $84.00 price objective on shares of Commercial Metals in a research report on Tuesday, December 30th. Morgan Stanley boosted their target price on shares of Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Finally, Citigroup increased their price target on Commercial Metals from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.80.

Commercial Metals Stock Down 4.7%

Shares of CMC opened at $59.45 on Wednesday. Commercial Metals has a 52 week low of $37.92 and a 52 week high of $84.87. The firm has a market cap of $6.59 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.34 and a beta of 1.47. The firm’s 50-day simple moving average is $72.92 and its 200 day simple moving average is $66.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.70 and a current ratio of 4.47.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.17). Commercial Metals had a net margin of 5.46% and a return on equity of 11.43%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the company posted $0.26 EPS. Commercial Metals’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, analysts forecast that Commercial Metals will post 3.09 earnings per share for the current year.

Insider Transactions at Commercial Metals

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

Institutional Trading of Commercial Metals

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in Commercial Metals by 1.4% during the first quarter. Royal Bank of Canada now owns 90,989 shares of the basic materials company’s stock worth $4,186,000 after buying an additional 1,219 shares during the last quarter. Amundi increased its holdings in Commercial Metals by 13.3% during the 1st quarter. Amundi now owns 2,480 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 291 shares during the period. Jones Financial Companies Lllp raised its position in shares of Commercial Metals by 614.9% in the first quarter. Jones Financial Companies Lllp now owns 11,767 shares of the basic materials company’s stock worth $541,000 after buying an additional 10,121 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Commercial Metals by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,033,514 shares of the basic materials company’s stock valued at $47,552,000 after acquiring an additional 56,875 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Commercial Metals by 1.8% in the 1st quarter. Empowered Funds LLC now owns 53,305 shares of the basic materials company’s stock worth $2,453,000 after buying an additional 941 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Commercial Metals

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

• Positive Sentiment: Core profitability surged — consolidated core EBITDA rose ~114% year-over-year to $297.5M and core EBITDA margin improved by ~610 basis points, signaling much stronger operating leverage. CMC Reports Second Quarter of Fiscal 2026 Results
• Positive Sentiment: Precast acquisition is contributing meaningfully — the recently acquired precast platform delivered $33.6M of adjusted EBITDA (or $40.3M excluding a $6.7M purchase-accounting charge), and management says integration/synergies are progressing. CMC Reports Second Quarter of Fiscal 2026 Results
• Positive Sentiment: Board raised the quarterly dividend 11% to $0.20, signaling confidence in cash flow and capital allocation. CMC Announces an 11% Increase in Quarterly Dividend
• Neutral Sentiment: Top-line growth — revenue climbed ~21.5% YoY to $2.13B and modestly beat consensus (~$2.10B); management cites strong bookings and backlog supporting a healthy 2026 construction season. Listen to Conference Call
• Negative Sentiment: Reported EPS of $1.16 missed consensus (~$1.28–$1.33 depending on source), and that earnings miss — despite strong adjusted results — appears to have pressured the share price in the near term. CMC MarketBeat Summary
• Neutral Sentiment: Analyst/press takeaways are mixed: some outlets call it a “blowout quarter” for the U.S. steel cycle (highlighting industry tailwinds), while others emphasize the EPS miss and near-term volatility. Commercial Metals’ Blowout Quarter Points to a Broader Turnaround in American Steel

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.