Commercial MetalsCMC
Market Cap: $5.73B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
30% more repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 130
1.5% more ownership
Funds ownership: 86.73% [Q1] → 88.23% (+1.5%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
1% less funds holding
Funds holding: 416 [Q1] → 412 (-4) [Q2]
4% less capital invested
Capital invested by funds: $5.83B [Q1] → $5.61B (-$219M) [Q2]
6% less call options, than puts
Call options by funds: $26.3M | Put options by funds: $27.8M
7% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 58
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Jefferies Seth Rosenfeld 67% 1-year accuracy 2 / 3 met price target | 31%upside $65 | Buy Initiated | 3 Sept 2024 |
B of A Securities Lawson Winder 42% 1-year accuracy 5 / 12 met price target | 39%upside $69 | Buy Maintained | 26 Jun 2024 |