37,514 Shares in Commercial Metals Company $CMC Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Posted by Geri Gentry on Sep 11th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Commercial Metals Company (NYSE:CMC – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,514 shares of the basic materials company’s stock, valued at approximately $2,354,000.

Several other large investors have also recently bought and sold shares of CMC. BlackRock Inc. bought a new stake in shares of Commercial Metals during the 2nd quarter worth about $954,989,000. California State Teachers Retirement System lifted its stake in shares of Commercial Metals by 6,004.4% in the 2nd quarter. California State Teachers Retirement System now owns 8,168,168 shares of the basic materials company’s stock worth $512,553,000 after acquiring an additional 8,034,360 shares during the period. Norges Bank bought a new position in shares of Commercial Metals in the fourth quarter valued at approximately $97,983,000. Bank of America Corp DE bought a new position in shares of Commercial Metals in the second quarter valued at approximately $84,320,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Commercial Metals during the second quarter valued at approximately $59,572,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insiders Place Their Bets

In related news, Director John R. Mcpherson purchased 1,390 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $71.92 per share, for a total transaction of $99,968.80. Following the transaction, the director directly owned 21,927 shares of the company’s stock, valued at $1,576,989.84. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Peter R. Matt purchased 8,230 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was bought at an average cost of $61.30 per share, for a total transaction of $504,499.00. Following the purchase, the chief executive officer directly owned 181,522 shares in the company, valued at $11,127,298.60. This represents a 4.75% increase in their position. The SEC filing for this purchase provides additional information. 0.62% of the stock is owned by insiders.

Commercial Metals News Summary

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

Positive Sentiment: Zacks Research raised its earnings forecasts across several periods, including FY2027 EPS to $7.18 from $7.13 and FY2028 EPS to $7.36 from $7.32. Quarterly estimates for 2027 and 2028 were also increased by $0.01–$0.02 per share, signaling slightly better expected profitability.
Neutral Sentiment: Despite the estimate increases, Zacks maintained a “Hold” rating on Commercial Metals. Its current-year consensus EPS remains $6.64, suggesting the revisions are incremental rather than a major change in the company’s outlook.
Negative Sentiment: JPMorgan lowered its price target for CMC from $86 to $83, although it retained an “Overweight” rating. The reduced target may be pressuring the stock, even though it still implies substantial upside from the referenced share price. JPMorgan lowers Commercial Metals price target

Commercial Metals Stock Down 3.3%

CMC stock opened at $66.70 on Friday. The firm has a market cap of $7.38 billion, a PE ratio of 12.56, a P/E/G ratio of 0.36 and a beta of 1.52. Commercial Metals Company has a 12 month low of $53.08 and a 12 month high of $84.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.33 and a quick ratio of 1.54. The firm has a 50 day simple moving average of $68.22 and a 200 day simple moving average of $68.61.

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 (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.03. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. Equities research analysts forecast that Commercial Metals Company will post 6.64 earnings per share for the current fiscal year.

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

Commercial Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMC shares. BMO Capital Markets upped their target price on Commercial Metals from $77.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price target on Commercial Metals from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays boosted their price objective on Commercial Metals from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Jefferies Financial Group upgraded Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft raised Commercial Metals to a “buy” rating in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Commercial Metals currently has an average rating of “Moderate Buy” and an average target price of $81.64.

Read Our Latest Report on Commercial Metals

Commercial Metals Company Profile

(Free Report)

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturing and recycling company headquartered in Irving, Texas. Founded in 1915, the company began as a scrap-metal business and has grown into an integrated producer, recycler and fabricator serving construction and industrial markets.

CMC manufactures and distributes a range of steel products, including reinforcing bar, merchant bar, wire rod, structural products, wire mesh and other products used in concrete construction and infrastructure projects.