VIRGINIA RETIREMENT SYSTEMS ET Al Raises Position in Commercial Metals Company $CMC

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Commercial Metals Company (NYSE:CMC) by 56.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,114 shares of the basic materials company’s stock after acquiring an additional 8,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Commercial Metals were worth $1,669,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Commercial Metals in the 3rd quarter valued at about $25,000. Rothschild Investment LLC increased its holdings in shares of Commercial Metals by 169.6% during the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock worth $29,000 after buying an additional 324 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Commercial Metals during the 4th quarter worth approximately $54,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Commercial Metals during the 3rd quarter worth approximately $73,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Commercial Metals by 84.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,550 shares of the basic materials company’s stock worth $76,000 after buying an additional 708 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Commercial Metals Stock Down 2.1%

Commercial Metals stock opened at $71.25 on Friday. Commercial Metals Company has a fifty-two week low of $45.50 and a fifty-two week high of $84.87. 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 firm has a 50 day moving average price of $65.51 and a 200 day moving average price of $68.48. The company has a market capitalization of $7.90 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.42 and a beta of 1.49.

Commercial Metals (NYSE:CMC) last posted 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). 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 analyst estimates of $2.10 billion. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. Research analysts expect that Commercial Metals Company will post 6.54 earnings per share for the current year.

Commercial Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, April 6th were issued a $0.20 dividend. This is a boost from Commercial Metals’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, April 6th. This represents a $0.80 annualized dividend and a yield of 1.1%. Commercial Metals’s payout ratio is 16.04%.

Analyst Upgrades and Downgrades

CMC has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Commercial Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Wells Fargo & Company cut their price target on shares of Commercial Metals from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Commercial Metals has a consensus rating of “Moderate Buy” and a consensus target price of $74.80.

Key Commercial Metals News

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

• Positive Sentiment: UBS upgraded Commercial Metals to Buy, saying rebar demand has held up better than expected, which supports the stock’s long-term outlook. Commercial Metals upgraded to buy at UBS as rebar proves resistant
• Neutral Sentiment: Zacks Research cut FY2026 EPS to $6.55 from $6.71 and FY2027 EPS to $6.70 from $6.91, but both estimates remain close to or above the current full-year consensus of $6.54, limiting the immediate downside impact.
• Neutral Sentiment: The firm also lowered quarterly estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, and FY2028, indicating a broad but relatively small reduction in expected earnings power.
• Negative Sentiment: Repeated estimate cuts can signal analysts see a tougher earnings path ahead for Commercial Metals Company (CMC), which may be pressuring the stock despite the company’s recent strong revenue growth and solid balance sheet.

Commercial Metals Company Profile

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.