Commercial Metals (NYSE:CMC) Price Target Cut to $83.00 by Analysts at JPMorgan Chase & Co.

Commercial Metals (NYSE:CMC) had its price target reduced by JPMorgan Chase & Co. from $85.00 to $83.00 in a report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

A number of other analysts have also recently issued reports on CMC. Wells Fargo & Company cut their price objective on Commercial Metals from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 target price on shares of Commercial Metals in a report on Tuesday, December 30th. Zacks Research downgraded Commercial Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Morgan Stanley lifted their price objective on shares of Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Finally, KeyCorp assumed coverage on shares of Commercial Metals in a report on Wednesday. They issued a “sector weight” rating on the stock. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Commercial Metals Stock Down 2.1%

Shares of CMC stock opened at $58.25 on Friday. Commercial Metals has a 52-week low of $37.92 and a 52-week high of $84.87. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.32 and a beta of 1.47. The firm’s 50-day moving average is $72.60 and its 200-day moving average is $66.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.70 and a current ratio of 2.38.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.10 billion. Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. Sell-side analysts predict that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Commercial Metals’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, April 6th. Commercial Metals’s dividend payout ratio is 18.56%.

Insider Activity at Commercial Metals

In other Commercial Metals news, insider Jennifer J. Durbin sold 25,050 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $79.97, for a total value of $2,003,248.50. Following the transaction, the insider directly owned 52,880 shares of the company’s stock, valued at $4,228,813.60. This represents a 32.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dennis V. Arriola acquired 2,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were purchased at an average price of $74.69 per share, for a total transaction of $149,380.00. Following the transaction, the director directly owned 9,238 shares in the company, valued at approximately $689,986.22. This trade represents a 27.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Commercial Metals

A number of institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC boosted its stake 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 valued at $1,606,000 after buying an additional 133 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in Commercial Metals by 3.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,904 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 149 shares during the last quarter. Corient Private Wealth LLC raised its position in Commercial Metals by 0.7% during the fourth quarter. Corient Private Wealth LLC now owns 23,554 shares of the basic materials company’s stock valued at $1,630,000 after purchasing an additional 155 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Commercial Metals by 2.3% during the 3rd quarter. Blue Trust Inc. now owns 7,867 shares of the basic materials company’s stock worth $451,000 after buying an additional 180 shares in the last quarter. Finally, Spire Wealth Management raised its stake in Commercial Metals by 42.4% during the third quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Key Headlines Impacting Commercial Metals

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

• Positive Sentiment: Revenue and EBITDA strength — Q2 revenue topped estimates and consolidated core EBITDA roughly doubled year‑over‑year, with meaningful margin expansion driven by the Construction Solutions (precast) acquisition, supporting medium‑term growth and operating leverage. PR Newswire: Q2 Results
• Positive Sentiment: Capital returns and leverage progress — management raised capital returns (dividend increase and buybacks), reported reduced net leverage and reiterated a goal to reach ~2x leverage within the committed timeframe, which supports shareholder value and reduces financing risk. TipRanks: Dividend & Returns
• Positive Sentiment: Management guidance and backlog — the company expects sequential EBITDA gains (CSG strength) and reports healthy bookings/backlog ahead of the construction season, giving a clear operational catalyst for FQ3 improvement. MarketBeat: Outlook
• Neutral Sentiment: Analyst coverage and differing views — some firms (e.g., Bank of America maintained a Buy) continue to support CMC, while others began or adjusted coverage; this keeps the stock on screens but creates mixed sell‑side signals. TipRanks: Analyst Note
• Neutral Sentiment: Technical/positioning commentary — some market pieces argue the pullback is a buying opportunity (institutional accumulation, short interest dynamics), which may blunt downside but depends on execution. MarketBeat: Technical
• Negative Sentiment: EPS miss — adjusted EPS of $1.16 came in below the $1.28 consensus, and that shortfall is the proximate cause of intraday weakness despite the revenue beat. Zacks: Q2 Earnings Miss
• Negative Sentiment: Analyst cuts on forecasts/targets — several firms trimmed forecasts or lowered price targets after the print (Benzinga notes broader cuts; JPMorgan trimmed PT to $83 and Wells Fargo to $77), which increases near‑term selling pressure. Benzinga: Analysts Slash Forecasts
• Negative Sentiment: Market reaction — some outlets report the stock slipped despite strong revenue and backlog, reflecting investor focus on the EPS miss and uncertainty around acquisition accounting/one‑time items. Blockonomi: Stock Reaction

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.