CMC stock icon

Commercial Metals
CMC

$52.67
3.8%
 

About: Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.

Employees: 13,022

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 3 analysts
0
News positive %
of 9 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

36% more call options, than puts

Call options by funds: $40.1M | Put options by funds: $29.6M

14% more capital invested

Capital invested by funds: $5.03B [Q4 2023] → $5.76B (+$723M) [Q1 2024]

0.31% less ownership

Funds ownership: 85.97% [Q4 2023] → 85.66% (-0.31%) [Q1 2024]

4% less funds holding

Funds holding: 424 [Q4 2023] → 409 (-15) [Q1 2024]

24% less first-time investments, than exits

New positions opened: 48 | Existing positions closed: 63

39% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 184

75% less funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 1 (-3) [Q1 2024]

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$52
1%
downside
Avg. target
$59
12%
upside
High target
$65
23%
upside

3 analyst ratings

positive
33%
neutral
67%
negative
0%
BMO Capital
Katja Jancic
14%upside
$60
Market Perform
Maintained
22 Mar 2024
UBS
Cleve Rueckert
23%upside
$65
Buy
Initiated
16 Jan 2024
BMO Capital
Katja Jancic
1%downside
$52
Market Perform
Maintained
9 Jan 2024

Financial journalist opinion

Based on 9 articles about CMC published over the past 30 days