Commercial Metals (NYSE:CMC) Trading Down 7.9% – What’s Next?

Posted by Stanley Muller on Jun 26th, 2026

Commercial Metals Company (NYSE:CMC – Get Free Report)’s share price 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 mid-day trading, an increase of 11% from the average session volume of 1,186,388 shares. The stock had previously closed at $74.09.

Trending Headlines about Commercial Metals

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

Positive Sentiment: Commercial Metals beat Q3 earnings and revenue estimates, reporting adjusted EPS of $1.73 versus $1.70 expected and revenue of $2.48 billion versus $2.40 billion expected. Commercial Metals earnings report
Positive Sentiment: Core EBITDA jumped nearly 79% year over year to $353.6 million, with margin expansion and year-over-year gains across all three business segments, signaling stronger operating leverage. CMC reports third quarter of fiscal 2026 results
Positive Sentiment: Management said temporary Q3 headwinds are reversing and pointed to a stronger fiscal fourth-quarter setup, helped by backlog, pricing improvements and precast integration. CMC Q3 earnings call flags stronger Q4 setup
Positive Sentiment: Analysts and market commentary highlighted improving profit trends and a better fourth-quarter EBITDA outlook, adding to the upbeat reaction around the stock. Commercial Metals gains as profit rises and fourth-quarter EBITDA outlook improves
Neutral Sentiment: Commercial Metals also announced a quarterly dividend of $0.20 per share, which supports shareholder returns but is not the main driver of the stock move. CMC reports third quarter of fiscal 2026 results

Analyst Upgrades and Downgrades

CMC has been the topic of several analyst reports. Wells Fargo & Company set a $80.00 target price on Commercial Metals in a report on Friday. Wall Street Zen downgraded Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. KeyCorp started coverage on Commercial Metals in a research report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Barclays initiated coverage on shares of Commercial Metals in a research report on Thursday, May 21st. They set an “equal weight” rating and a $75.00 price objective on the stock. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Commercial Metals presently has an average rating of “Moderate Buy” and an average price target of $80.44.

Read Our Latest Stock Report on Commercial Metals

Commercial Metals Trading Down 7.9%

The firm has a market capitalization of $7.57 billion, a PE ratio of 15.20, a P/E/G ratio of 0.41 and a beta of 1.50. The firm has a 50 day simple moving average of $71.97 and a 200 day simple moving average of $71.29. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75.

Commercial Metals (NYSE:CMC – Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.03. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The company’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. Equities analysts expect that Commercial Metals Company will post 6.56 earnings per share for the current fiscal year.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th will be given 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 17.82%.

Institutional Trading of Commercial Metals

A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in shares of Commercial Metals by 6.6% during the 3rd quarter. American Century Companies Inc. now owns 1,823,923 shares of the basic materials company’s stock valued at $104,474,000 after buying an additional 112,267 shares in the last quarter. Qsemble Capital Management LP increased its holdings in Commercial Metals by 118.6% in the 4th quarter. Qsemble Capital Management LP now owns 49,885 shares of the basic materials company’s stock worth $3,453,000 after acquiring an additional 27,062 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Commercial Metals by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 884,604 shares of the basic materials company’s stock worth $50,670,000 after acquiring an additional 64,491 shares during the period. Russell Investments Group Ltd. lifted its holdings in Commercial Metals by 14.1% during the third quarter. Russell Investments Group Ltd. now owns 459,657 shares of the basic materials company’s stock valued at $26,329,000 after purchasing an additional 56,705 shares in the last quarter. Finally, Moore Capital Management LP lifted its holdings in Commercial Metals by 47.7% during the third quarter. Moore Capital Management LP now owns 163,348 shares of the basic materials company’s stock valued at $9,357,000 after purchasing an additional 52,736 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Commercial Metals

(Get Free Report)

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.