Commercial Metals Company (NYSE:CMC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Commercial Metals Company (NYSE:CMC) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $77.10.

Several equities analysts have weighed in on CMC shares. JPMorgan Chase & Co. reduced their price objective on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Wall Street Zen lowered Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft raised shares of Commercial Metals to a “buy” rating in a report on Friday, May 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a research note on Tuesday, June 9th. Finally, Barclays assumed coverage on shares of Commercial Metals in a report on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 price objective for the company.

Commercial Metals Price Performance

Shares of NYSE:CMC opened at $77.73 on Monday. Commercial Metals has a fifty-two week low of $47.06 and a fifty-two week high of $84.87. The company’s 50-day moving average is $70.20 and its 200 day moving average is $70.70. 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 company has a market capitalization of $8.62 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 0.47 and a beta of 1.50.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. On average, equities research analysts forecast that Commercial Metals will post 6.4 earnings per share for the current year.

Commercial Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, April 6th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was 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 presently 16.04%.

More Commercial Metals News

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

• Negative Sentiment: Zacks Research trimmed its near-term and longer-dated EPS forecasts for Commercial Metals, including FY2026, FY2027, FY2028, and several quarterly periods, signaling a more cautious view on profitability. Article Title
• Neutral Sentiment: Despite the cuts, Zacks’ updated estimates remain roughly in line with or slightly above the current consensus for full-year earnings, suggesting the revisions were not severe enough to materially change the broader outlook.
• Neutral Sentiment: The company recently reported quarterly EPS below expectations, but revenue beat estimates and was up sharply year over year, leaving investors to weigh weaker profit delivery against solid sales momentum.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Commercial Metals by 1.5% in the fourth quarter. State Street Corp now owns 6,361,477 shares of the basic materials company’s stock valued at $440,341,000 after acquiring an additional 91,104 shares during the period. Boston Partners lifted its stake in Commercial Metals by 1.9% in the 3rd quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock worth $208,629,000 after purchasing an additional 67,139 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Commercial Metals by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock valued at $202,626,000 after purchasing an additional 86,749 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Commercial Metals by 6.6% in the third quarter. American Century Companies Inc. now owns 1,823,923 shares of the basic materials company’s stock worth $104,474,000 after purchasing an additional 112,267 shares during the period. Finally, Invesco Ltd. raised its position in shares of Commercial Metals by 4.8% in the third quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock worth $95,144,000 after buying an additional 76,365 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.