Commercial Metals Stock Price, News & Analysis (NYSE:CMC)

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CMC shares.
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6 equities research analysts have issued 1-year target prices for Commercial Metals' shares. Their CMC share price targets range from $48.00 to $63.00. On average, they expect the company's share price to reach $55.17 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
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Commercial Metals' stock was trading at $48.30 at the start of the year. Since then, CMC stock has decreased by 5.8% and is now trading at $45.50.
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Commercial Metals saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 3,170,000 shares, a decrease of 5.7% from the October 31st total of 3,360,000 shares. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.7% of the shares of the stock are sold short.
View Commercial Metals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 8th 2024.
View our CMC earnings forecast.

Commercial Metals (NYSE:CMC) issued its quarterly earnings data on Thursday, October, 12th. The basic materials company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.77 by $0.08. The basic materials company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.15 billion. Commercial Metals had a trailing twelve-month return on equity of 22.62% and a net margin of 9.77%. The business's revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 EPS.

Commercial Metals announced a quarterly dividend on Tuesday, October 10th. Investors of record on Thursday, October 26th will be paid a dividend of $0.16 per share on Thursday, November 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, October 25th.
Read our dividend analysis for CMC.

Commercial Metals (NYSE:CMC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.38%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMC will have a dividend payout ratio of 10.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMC.

ETFs with the largest weight of Commercial Metals (NYSE:CMC) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Cambria Value and Momentum ETF (VAMO), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap Momentum ETF (XMMO).

38 employees have rated Commercial Metals Chief Executive Officer Barbara R. Smith on Glassdoor.com. Barbara R. Smith has an approval rating of 91% among the company's employees. This puts Barbara R. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Commercial Metals investors own include Bank of America (BAC), Advanced Micro Devices (AMD), Ford Motor (F), Intel (INTC), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), Alibaba Group (BABA) and Micron Technology (MU).

Commercial Metals' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (4.84%), Fuller & Thaler Asset Management Inc. (2.14%), Northern Trust Corp (1.62%), Principal Financial Group Inc. (1.44%), Invesco Ltd. (1.29%) and Charles Schwab Investment Management Inc. (1.19%). Insiders that own company stock include Barbara Smith, Gary E Mccullough, John R Mcpherson, Lindsay L Sloan, Peter R Matt, Stephen William Simpson, Tracy L Porter and Ty L Garrison.
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Shares of CMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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