COMMERCIAL METALS COMPANY
In the published model solve dated 2026-Q2, anchored at $67.63, COMMERCIAL METALS COMPANY (CMC) is priced for +0.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Pricing power showed up in the numbers in the quarter ended May 31, 2026: the spread between what North American steel products sold for and what scrap cost widened by 111 dollars a ton against the year-ago quarter, as selling prices rose 130 dollars a ton while scrap rose only 19 [Source: CMC Q3 fiscal 2026 results, June 25, 2026]. • The risk is that this is the good part of a cycle rather than a new level, and the sequential detail already hints at it, with steel product margins narrowing 13
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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.
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.
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.
CMC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next 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.
CMC's latest 8-K filings: 2026-08-05 (items 7.01, 8.01, 9.01); 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).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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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.