Commercial Metals Company $CMC Shares Acquired by Illinois Municipal Retirement Fund

Posted by Brenda Bartman on Jul 23rd, 2026

Illinois Municipal Retirement Fund lifted its stake in shares of Commercial Metals Company (NYSE:CMC – Free Report) by 99.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,544 shares of the basic materials company’s stock after acquiring an additional 9,743 shares during the period. Illinois Municipal Retirement Fund’s holdings in Commercial Metals were worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CMC. Royal Bank of Canada raised its stake in Commercial Metals by 1.4% during the first quarter. Royal Bank of Canada now owns 90,989 shares of the basic materials company’s stock worth $4,186,000 after purchasing an additional 1,219 shares during the period. Amundi grew its stake in shares of Commercial Metals by 13.3% in the 1st quarter. Amundi now owns 2,480 shares of the basic materials company’s stock valued at $114,000 after buying an additional 291 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Commercial Metals by 614.9% in the 1st quarter. Jones Financial Companies Lllp now owns 11,767 shares of the basic materials company’s stock valued at $541,000 after buying an additional 10,121 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Commercial Metals by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,033,514 shares of the basic materials company’s stock worth $47,552,000 after buying an additional 56,875 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Commercial Metals by 1.8% during the 1st quarter. Empowered Funds LLC now owns 53,305 shares of the basic materials company’s stock worth $2,453,000 after buying an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Commercial Metals Trading Up 0.6%

NYSE CMC opened at $68.13 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.39 and a beta of 1.54. The firm has a 50 day simple moving average of $70.28 and a 200-day simple moving average of $70.53. Commercial Metals Company has a one year low of $49.66 and a one year high of $84.87.

Commercial Metals (NYSE:CMC – Get Free Report) last released its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The company 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 business earned $0.74 EPS. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. Equities research analysts anticipate that Commercial Metals Company will post 6.63 EPS for the current fiscal year.

Commercial Metals Announces Dividend

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

Wall Street Analysts Forecast Growth

CMC has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Commercial Metals from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Citigroup decreased their price objective 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. Wall Street Zen downgraded shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. The Goldman Sachs Group started coverage on Commercial Metals in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 target price on the stock. Finally, Jefferies Financial Group upgraded Commercial Metals from a “buy” rating to a “buy” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Commercial Metals presently has an average rating of “Moderate Buy” and a consensus target price of $79.45.

Get Our Latest Research Report on CMC

Insider Transactions at Commercial Metals

In related news, CEO Peter R. Matt bought 8,230 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of $61.30 per share, for a total transaction of $504,499.00. Following the completion of the acquisition, the chief executive officer owned 181,522 shares in the company, valued at approximately $11,127,298.60. This trade represents a 4.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

About Commercial Metals

(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.