Commercial Metals (NYSE:CMC) Shares Gap Up Following Better-Than-Expected Earnings

Posted by George Bondi on Oct 15th, 2026

Commercial Metals Company (NYSE:CMC – Get Free Report) shares gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $65.29, but opened at $69.38. Commercial Metals shares last traded at $65.6710, with a volume of 180,401 shares trading hands.

The basic materials company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The firm’s revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share.

Commercial Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 11th. Shareholders of record on Wednesday, October 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Commercial Metals’s dividend payout ratio (DPR) is 15.07%.

Commercial Metals announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 7.5% of its stock through open market purchases. Share buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Commercial Metals from $80.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $85.00 price objective on shares of Commercial Metals in a report on Thursday, August 6th. Morgan Stanley lifted their price objective on Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Citigroup lowered their target price on Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, Barclays boosted their target price on Commercial Metals from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.27.

Check Out Our Latest Stock Analysis on Commercial Metals

Insider Buying and Selling

In other Commercial Metals news, Director John McPherson acquired 1,390 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Commercial Metals

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Commercial Metals by 23.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,396 shares of the basic materials company’s stock valued at $273,000 after purchasing an additional 824 shares in the last quarter. Green Alpha Advisors LLC lifted its stake in shares of Commercial Metals by 14.0% in the 3rd quarter. Green Alpha Advisors LLC now owns 23,122 shares of the basic materials company’s stock valued at $1,436,000 after purchasing an additional 2,839 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Commercial Metals by 24.0% in the 3rd quarter. CoreCap Advisors LLC now owns 1,448 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 280 shares during the last quarter. Apella Capital LLC bought a new stake in Commercial Metals in the third quarter worth $247,000. Finally, Congress Asset Management Co. boosted its holdings in Commercial Metals by 20.8% in the third quarter. Congress Asset Management Co. now owns 90,211 shares of the basic materials company’s stock worth $5,602,000 after purchasing an additional 15,546 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Commercial Metals Price Performance

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 stock has a market capitalization of $7.19 billion, a P/E ratio of 12.24, a PEG ratio of 0.25 and a beta of 1.53. The stock’s fifty day moving average is $67.17 and its 200-day moving average is $68.27.

Commercial Metals Company Profile

(Get Free Report)

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturer, fabricator and recycler headquartered in Irving, Texas. Founded in 1915, the company operates a vertically integrated business that collects and processes ferrous scrap, produces steel and supplies products used in construction and infrastructure projects.

CMC’s product portfolio includes reinforcing bar, merchant bar, wire rod, structural components and other steel products. Through its fabrication and construction services, the company also processes and prepares reinforcing steel for commercial, industrial, transportation and other building projects.