Commercial Metals (NYSE:CMC) Shares Down 7.9% – Here’s Why

Commercial Metals Company (NYSE:CMC) fell 7.9% on Friday . The stock traded as low as $68.34 and last traded at $68.2570. 1,314,960 shares were traded during trading, an increase of 11% from the average session volume of 1,186,388 shares. The stock had previously closed at $74.09.

More Commercial Metals News

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

• Positive Sentiment: Commercial Metals beat quarterly earnings and revenue estimates, with adjusted EPS of $1.73 and sales of $2.48 billion, supporting the bullish reaction. CMC Reports Third Quarter of Fiscal 2026 Results
• Positive Sentiment: Core EBITDA jumped nearly 79% year over year and margins expanded, showing stronger profitability across the business and signaling better operating leverage. CMC Q3 Earnings Beat on Strong Core EBITDA & Segment Gains
• Positive Sentiment: Management said temporary Q3 headwinds are easing, backlog remains solid, pricing is improving, and precast integration is helping set up a stronger fiscal fourth quarter. CMC Q3 Earnings Call Flags Stronger Q4 Setup
• Positive Sentiment: Several reports highlighted that Commercial Metals is signaling stronger profits ahead, reinforcing investor confidence in the earnings outlook. Commercial Metals Signals Stronger Profits Ahead
• Neutral Sentiment: The company also announced a quarterly dividend of $0.20 per share, which adds shareholder return support but is unlikely to be the main driver of the stock move. Conference Call and Earnings Materials

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Commercial Metals from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. 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. Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a research note on Tuesday, June 9th. Jefferies Financial Group raised Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Finally, Wall Street Zen lowered Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.44.

Commercial Metals Stock Performance

The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.39 and a beta of 1.50. The company has a fifty day moving average of $72.05 and a two-hundred day moving average of $71.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.55 and a current ratio of 2.33.

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, beating analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a return on equity of 15.69% and a net margin of 6.72%.The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equities research analysts predict that Commercial Metals Company will post 6.53 earnings per share for the current fiscal year.

Commercial Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Commercial Metals’s payout ratio is currently 15.07%.

Hedge Funds Weigh In On Commercial Metals

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC raised its stake in Commercial Metals by 110.7% during the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 301 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Commercial Metals during the 4th quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Commercial Metals by 617.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 716 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Commercial Metals in the 4th quarter worth about $59,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Commercial Metals in the third quarter valued at approximately $73,000. 86.90% of the stock is owned by institutional investors.

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.