New insider activity at Commercial Metals Company ( (CMC) ) has taken place on April 1, 2025.
President & CEO Peter R. Matt has made a significant investment by purchasing 6,100 shares of Commercial Metals Company stock, valued at $294,630.
Recent Updates on CMC stock
In the last 24 hours, Commercial Metals Company (CMC) has seen a reduction in its price target by UBS and BMO Capital due to various factors. UBS cited concerns over 2025 supply risks and underperformance in rebar compared to hot-rolled coil steel, despite tariff protection exceeding expectations and boosting steel prices. BMO Capital noted in-line Q2 results and a cautiously optimistic outlook with expected earnings improvement in the latter half of the year due to seasonal demand and better margins in North America. However, they also highlighted a murky demand outlook and new supply entering the market. Despite these challenges, CMC reported strong demand in North America, improved performance in Europe, and strategic initiatives like the Transform, Advance, and Grow program contributing to higher margins. The company remains optimistic about future financial results, expecting improved margins and demand trends, particularly in the North American steel market.
More about Commercial Metals Company
YTD Price Performance: -6.57%
Average Trading Volume: 1,226,937
Technical Sentiment Signal: Hold
Current Market Cap: $5.22B