Commercial Metals (CMC)

• Market cap: $5.73B
• 1 day: 1.49%
• 5 days: -11.70%
• 1 month: -15.82%
• 3 months: -5.63%
• 6 months: -4.56%
• Year to date: 0.18%
• 1 year: 3.31%
• 5 years: 131.45%
• 10 years: 215.37%
• Sector: Materials
• Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

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 three operating and reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group.

Employees: 13,178

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

1% less funds holding

Funds holding: 416 [Q2] → 412 (-4) [Q3]

4% less capital invested

Capital invested by funds: $5.67B [Q2] → $5.43B (-$245M) [Q3]

7% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 58

10% less call options, than puts

Call options by funds: $26.5M | Put options by funds: $29.4M

3.81% less ownership

Funds ownership: 89.2% [Q2] → 85.39% (-3.81%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 163

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $56 11% upside
• Avg. target: $66 30% upside
• High target: $75 49% upside

2 analyst ratings

• positive: 1 50%
• neutral: 0 0%
• negative: 1 50%

UBS Curt Woodworth 50% 1-year accuracy 8 / 16 met price target	11% upside $56	Sell Downgraded	12 Dec 2024
Goldman Sachs Mike Harris 0% 1-year accuracy 0 / 3 met price target	49% upside $75	Buy Initiated	2 Dec 2024