First Citizens Bank & Trust Co. Makes New $1.25 Million Investment in Commercial Metals Company $CMC

24 Jul 2026, 07:58 by Kim Johansen · The Markets Daily

First Citizens Bank & Trust Co. bought a new position in shares of Commercial Metals Company (NYSE:CMC – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,317 shares of the basic materials company’s stock, valued at approximately $1,248,000.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP increased its holdings in shares of Commercial Metals by 4.8% in the first quarter. First Trust Advisors LP now owns 24,460 shares of the basic materials company’s stock valued at $1,503,000 after purchasing an additional 1,114 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Commercial Metals by 187.8% during the first quarter. Meeder Asset Management Inc. now owns 11,770 shares of the basic materials company’s stock worth $723,000 after buying an additional 7,681 shares during the last quarter. KBC Group NV boosted its stake in Commercial Metals by 1,920.6% during the first quarter. KBC Group NV now owns 70,114 shares of the basic materials company’s stock worth $4,307,000 after buying an additional 66,644 shares during the last quarter. SEB Asset Management AB purchased a new stake in Commercial Metals in the 1st quarter valued at $8,957,000. Finally, Crescent Grove Advisors LLC grew its holdings in Commercial Metals by 48.5% in the 1st quarter. Crescent Grove Advisors LLC now owns 8,896 shares of the basic materials company’s stock valued at $546,000 after buying an additional 2,906 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMC has been the subject of a number of recent research reports. Zacks Research raised Commercial Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Morgan Stanley boosted their price target on shares of Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Bank of America dropped their price objective on shares of Commercial Metals from $84.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Citigroup cut 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. Finally, BNP Paribas Exane raised shares of Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.45.

View Our Latest Research Report on Commercial Metals

Insider Buying and Selling

In related news, CEO Peter R. Matt bought 8,230 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were bought at an average price of $61.30 per share, with a total value of $504,499.00. Following the completion of the transaction, the chief executive officer directly owned 181,522 shares of the company’s stock, valued at $11,127,298.60. This represents a 4.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by insiders.

Commercial Metals Price Performance

NYSE:CMC opened at $67.96 on Friday. Commercial Metals Company has a 52 week low of $49.66 and a 52 week high of $84.87. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $7.52 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.39 and a beta of 1.54. The stock’s fifty day moving average is $70.18 and its two-hundred day moving average is $70.51.

Commercial Metals (NYSE:CMC – Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. Commercial Metals had a return on equity of 15.69% and a net margin of 6.72%.The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. Equities analysts expect that Commercial Metals Company will post 6.63 EPS for the current year.

Commercial Metals Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, July 6th. Commercial Metals’s payout ratio is 15.07%.

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.