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CMC

COMMERCIAL METALS COMPANY

At today's price, COMMERCIAL METALS COMPANY (CMC) is priced for +13.6% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
+13.6% growth
Priced In
within-range

Key Takeaways

• Commercial Metals turns recycled scrap into rebar and steel products and then fabricates them for construction, an integrated mill-to-jobsite model whose biggest segments are steel products and downstream fabrication. • The defining metric for a steel maker is the metal margin, the spread between selling price and scrap cost, which widened about $10 a ton sequentially in the latest quarter as prices rose faster than scrap [Source: Q2 FY2026 results]. • The risk to watch is the cycle and the im

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Institutional ownership

486 institutional managers reported holding CMC in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 53%. 83 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 5.1M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (5 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

CMC has cut its share count 8% over the past five years, spending $705.02M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 5 years straight; the current rate is $0.72 a share annually. Cash returned over the past three years: $218.95M in dividends and $460.30M in repurchases.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at CMC over the trailing three years: 2023: 1 buy totaling $250k; 2025: 4 buys totaling $495k; 2026: 1 buy totaling $149k. 19 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

CMC's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-06-23+8.2%+6.7%
2023-10-13-10.7%+11.1%
2024-01-09+2.3%+7.1%
2024-03-27+3.3%-6.6%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

CMC's latest 8-K filings: 2026-06-25 (items 2.02, 7.01, 9.01); 2026-06-24 (items 8.01, 9.01); 2026-04-13 (items 5.02, 7.01, 9.01); 2026-03-26 (items 2.02, 7.01, 9.01); 2026-03-25 (items 8.01, 9.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

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Last analyzed: June 27, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.