Quantinno Capital Management LP Has $4.46 Million Position in Commercial Metals Company $CMC

Quantinno Capital Management LP raised its stake in Commercial Metals Company (NYSE:CMC - Free Report) by 200.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,613 shares of the basic materials company's stock after buying an additional 48,470 shares during the period. Quantinno Capital Management LP owned about 0.07% of Commercial Metals worth $4,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Artemis Investment Management LLP bought a new stake in Commercial Metals in the fourth quarter valued at approximately $103,962,000. Norges Bank bought a new position in Commercial Metals during the 4th quarter worth approximately $97,983,000. Encompass Capital Advisors LLC acquired a new position in shares of Commercial Metals in the 4th quarter worth approximately $41,523,000. Merewether Investment Management LP acquired a new position in shares of Commercial Metals in the 3rd quarter worth approximately $26,847,000. Finally, UBS Group AG boosted its stake in shares of Commercial Metals by 41.8% in the 3rd quarter. UBS Group AG now owns 1,521,130 shares of the basic materials company's stock valued at $87,130,000 after purchasing an additional 448,083 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CMC shares. Zacks Research upgraded shares of Commercial Metals from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Morgan Stanley upped their price target on shares of Commercial Metals from $83.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, June 22nd. Jefferies Financial Group upgraded Commercial Metals from a "buy" rating to a "buy" rating in a report on Friday, June 5th. BNP Paribas Exane raised Commercial Metals from a "neutral" rating to an "outperform" rating and set a $75.00 price objective for the company in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $85.00 price objective on shares of Commercial Metals in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Commercial Metals has an average rating of "Moderate Buy" and a consensus target price of $81.18.

Insider Activity at Commercial Metals

In other news, CEO Peter R. Matt bought 8,230 shares of the firm's stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average cost of $61.30 per share, with a total value of $504,499.00. Following the transaction, the chief executive officer directly owned 181,522 shares of the company's stock, valued at approximately $11,127,298.60. This represents a 4.75% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Commercial Metals News Summary

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 Stock Up 2.0%

Commercial Metals stock opened at $75.17 on Friday. The company has a market capitalization of $8.32 billion, a PE ratio of 14.16, a PEG ratio of 0.42 and a beta of 1.52. Commercial Metals Company has a 12-month low of $52.74 and a 12-month high of $84.87. The firm's fifty day moving average is $69.80 and its 200 day moving average is $70.32. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.73.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The business had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the company posted $0.74 earnings per share. The business's quarterly revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts predict that Commercial Metals Company will post 6.64 EPS for the current fiscal year.

Commercial Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were paid a $0.20 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. Commercial Metals's dividend payout ratio (DPR) is currently 15.07%.

Commercial Metals announced that its board has approved a stock buyback plan on Wednesday, August 5th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the basic materials company to buy up to 7.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.

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