104,711 Shares in Commercial Metals Company $CMC Bought by The Manufacturers Life Insurance Company

Posted by Geri Gentry on Aug 31st, 2026

The Manufacturers Life Insurance Company purchased a new stake in Commercial Metals Company (NYSE:CMC – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 104,711 shares of the basic materials company’s stock, valued at approximately $6,571,000. The Manufacturers Life Insurance Company owned about 0.09% of Commercial Metals at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Commercial Metals in the 2nd quarter valued at about $954,989,000. State Street Corp boosted its position in Commercial Metals by 1.5% during the fourth quarter. State Street Corp now owns 6,361,477 shares of the basic materials company’s stock valued at $440,341,000 after purchasing an additional 91,104 shares during the last quarter. Boston Partners grew its stake in Commercial Metals by 1.9% in the third quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock valued at $208,629,000 after purchasing an additional 67,139 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Commercial Metals by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock worth $202,626,000 after purchasing an additional 86,749 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Commercial Metals by 4.8% during the 3rd quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock worth $95,144,000 after purchasing an additional 76,365 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Commercial Metals Stock Performance

Shares of CMC stock opened at $67.55 on Monday. Commercial Metals Company has a 52 week low of $53.08 and a 52 week high of $84.87. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.39 and a beta of 1.52. The company has a 50-day simple moving average of $68.02 and a 200 day simple moving average of $69.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33.

Commercial Metals (NYSE:CMC – Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the firm earned $0.74 EPS. The business’s revenue was up 22.9% on a year-over-year basis. On average, sell-side analysts predict that Commercial Metals Company will post 6.64 earnings per share for the current year.

Commercial Metals announced that its board has authorized a share repurchase plan on Wednesday, August 5th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the basic materials company to purchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Commercial Metals Announces Dividend

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

Insider Activity at Commercial Metals

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

Analyst Ratings Changes

Several equities analysts recently weighed in on CMC shares. UBS Group raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and raised their target price for the company from $79.00 to $89.00 in a research note on Wednesday, May 13th. Bank of America cut their price target on shares of Commercial Metals from $84.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Citigroup decreased their price objective on shares of Commercial Metals from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of Commercial Metals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of Commercial Metals from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Commercial Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.18.

Read Our Latest Research Report on CMC

Commercial Metals Company Profile

(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.