Pacer Advisors Inc. Has $1.02 Million Stock Position in Commercial Metals Company $CMC

Pacer Advisors Inc. cut its stake in Commercial Metals Company (NYSE:CMC) by 92.2% in the first quarter, Holdings Channel.com reports. The firm owned 16,555 shares of the basic materials company’s stock after selling 196,715 shares during the period. Pacer Advisors Inc.’s holdings in Commercial Metals were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Lazard Asset Management LLC increased its stake in Commercial Metals by 0.6% during the fourth quarter. Lazard Asset Management LLC now owns 23,199 shares of the basic materials company’s stock valued at $1,606,000 after acquiring an additional 133 shares during the period. NewEdge Advisors LLC boosted its stake in Commercial Metals by 4.2% during the first quarter. NewEdge Advisors LLC now owns 3,610 shares of the basic materials company’s stock worth $222,000 after buying an additional 147 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Commercial Metals by 3.1% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,904 shares of the basic materials company’s stock valued at $339,000 after buying an additional 149 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Commercial Metals by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 23,554 shares of the basic materials company’s stock worth $1,630,000 after acquiring an additional 155 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in Commercial Metals by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,164 shares of the basic materials company’s stock valued at $256,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Transactions at Commercial Metals

In other Commercial Metals news, CEO Peter R. Matt bought 8,230 shares of the business’s stock in a transaction on Friday, July 10th. The shares were bought at an average cost of $61.30 per share, for a total transaction of $504,499.00. Following the transaction, the chief executive officer owned 181,522 shares in the company, valued at approximately $11,127,298.60. This trade represents a 4.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

CMC has been the subject of a number of analyst reports. Bank of America cut their price target on shares of Commercial Metals from $84.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Citigroup dropped their target price on Commercial Metals from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company raised their target price on Commercial Metals from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. UBS Group raised Commercial Metals from a “neutral” rating to a “buy” rating and boosted their price target for the company from $79.00 to $89.00 in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. dropped their price objective on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Commercial Metals currently has an average rating of “Moderate Buy” and a consensus target price of $81.18.

Commercial Metals Price Performance

Shares of Commercial Metals stock opened at $75.17 on Monday. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.43 and a beta of 1.52. Commercial Metals Company has a 1-year low of $52.74 and a 1-year high of $84.87. The firm’s 50-day moving average price is $69.80 and its two-hundred day moving average price is $70.29.

Commercial Metals (NYSE:CMC) last announced its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. Commercial Metals’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. On average, equities analysts predict that Commercial Metals Company will post 6.64 earnings per share for the current fiscal year.

Commercial Metals declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Commercial Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, July 6th. Commercial Metals’s payout ratio is currently 15.07%.

Commercial Metals News Roundup

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

• Positive Sentiment: Share buyback supports the stock: Commercial Metals authorized a program to repurchase up to $600 million of its outstanding shares, representing as much as 7.5% of the company’s stock. The authorization signals management believes the shares are undervalued and could support earnings per share by reducing the share count. Commercial Metals to Repurchase $600 Million in Outstanding Shares
• Positive Sentiment: Zacks raises longer-term EPS estimates: Zacks Research increased its forecasts across several periods, including Q1 2027 EPS to $1.79 from $1.77, FY2027 EPS to $7.13 from $7.08, and FY2028 EPS to $7.32 from $7.27. Estimates for Q4 2027, Q1-Q3 2028 were also raised by $0.01 per share, suggesting slightly improved expectations for future profitability.
• Neutral Sentiment: Analyst target rises, but rating remains cautious: BMO Capital Markets lifted its price target for CMC from $77 to $80 while maintaining a “Market Perform” rating. The higher target offers moderate potential upside, but the unchanged rating indicates BMO does not expect substantial outperformance relative to the broader market. BMO Capital Markets Raises Commercial Metals Price Target

Commercial Metals 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.