Squarepoint Ops LLC Takes Position in Commercial Metals Company $CMC

Squarepoint Ops LLC purchased a new position in Commercial Metals Company (NYSE:CMC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 301,468 shares of the basic materials company’s stock, valued at approximately $18,917,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lazard Asset Management LLC increased its position in shares of Commercial Metals by 0.6% in the fourth quarter. Lazard Asset Management LLC now owns 23,199 shares of the basic materials company’s stock worth $1,606,000 after acquiring an additional 133 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of 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 acquiring an additional 147 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 valued at $1,630,000 after buying an additional 155 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted 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 last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Commercial Metals by 2.9% in the third quarter. Quadrant Capital Group LLC now owns 6,626 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Commercial Metals Price Performance

Shares of CMC opened at $68.96 on Thursday. The stock has a market cap of $7.63 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.37 and a beta of 1.52. Commercial Metals Company has a 1 year low of $53.08 and a 1 year high of $84.87. The stock’s 50-day moving average price is $68.11 and its two-hundred day moving average price is $68.69. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73.

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

Commercial Metals declared that its board has approved a stock repurchase plan on Wednesday, August 5th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, July 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Commercial Metals’s dividend payout ratio (DPR) is 15.07%.

Key Headlines Impacting Commercial Metals

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

• Positive Sentiment: Zacks Research raised its EPS forecasts across several periods, including FY2027 to $7.18 from $7.13 and FY2028 to $7.36 from $7.32. The increases suggest slightly improved expectations for the company’s future profitability. Zacks nevertheless maintained a “Hold” rating. Commercial Metals analyst estimates
• Neutral Sentiment: The revised Zacks estimates imply continued earnings growth, with forecasts of $1.81 EPS in Q1 2027 and $1.45, $1.84 and $2.07 in the following quarters. However, the small increases—generally just $0.01 to $0.05 per share—are unlikely to create a major near-term catalyst, particularly with the firm retaining its “Hold” recommendation. Commercial Metals earnings estimates
• Negative Sentiment: JPMorgan lowered its price target for CMC to $83 from $86, signaling less upside than previously expected. Although the bank kept an “Overweight” rating and still sees substantial potential appreciation, the target reduction may weigh on investor sentiment and appears to be the clearest explanation for the stock’s recent weakness. JPMorgan lowers Commercial Metals price target

Insider Buying and Selling at Commercial Metals

In related news, CEO Peter Matt acquired 8,230 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was bought at an average price of $61.30 per share, for a total transaction of $504,499.00. Following the acquisition, the chief executive officer directly owned 181,522 shares of the company’s stock, valued at approximately $11,127,298.60. The trade was a 4.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John McPherson purchased 1,390 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $71.92 per share, for a total transaction of $99,968.80. Following the transaction, the director directly owned 21,927 shares in the company, valued at approximately $1,576,989.84. The trade was a 6.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

CMC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Commercial Metals to a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company boosted their price objective on Commercial Metals from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Barclays increased their price objective on shares of Commercial Metals from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $85.00 price target on shares of Commercial Metals in a research note on Thursday, August 6th. Finally, BNP Paribas Exane raised shares of Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.64.

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.