Squarepoint Ops LLC Acquires Shares of 301,468 Commercial Metals Company $CMC

Squarepoint Ops LLC purchased a new stake in Commercial Metals Company (NYSE:CMC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 301,468 shares of the basic materials company’s stock, valued at approximately $18,917,000. Squarepoint Ops LLC owned approximately 0.27% of Commercial Metals at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC grew its position in Commercial Metals by 0.6% during the fourth quarter. Lazard Asset Management LLC now owns 23,199 shares of the basic materials company’s stock worth $1,606,000 after buying an additional 133 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Commercial Metals by 4.2% in the 1st 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 during the period. Corient Private Wealth LLC grew its holdings in shares of Commercial Metals by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 23,554 shares of the basic materials company’s stock worth $1,630,000 after acquiring an additional 155 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Commercial Metals by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,164 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 160 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Commercial Metals by 2.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 6,626 shares of the basic materials company’s stock valued at $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 News Summary

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

Analysts Set New Price Targets

Several research firms have weighed in on CMC. JPMorgan Chase & Co. lowered their target price on Commercial Metals from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays boosted their price objective on shares of Commercial Metals from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Morgan Stanley increased their price objective on shares of Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Weiss Ratings cut shares of Commercial Metals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 27th. Finally, Citigroup reduced their price target on shares of Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Commercial Metals currently has a consensus rating of “Moderate Buy” and an average price target of $81.64.

Commercial Metals Trading Down 2.5%

Shares of CMC stock opened at $68.96 on Thursday. The firm’s 50-day simple moving average is $68.11 and its 200-day simple moving average is $68.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.33 and a quick ratio of 1.54. Commercial Metals Company has a 1-year low of $53.08 and a 1-year high of $84.87. The firm has a market cap of $7.63 billion, a P/E ratio of 12.99, a PEG ratio of 0.37 and a beta of 1.52.

Commercial Metals (NYSE:CMC) last released its quarterly earnings data 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 return on equity of 15.69% and a net margin of 6.72%.The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equities analysts forecast that Commercial Metals Company will post 6.64 EPS for the current year.

Commercial Metals Dividend Announcement

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

Commercial Metals declared that its board has initiated a share buyback plan on Wednesday, August 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the basic materials company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

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

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.