Michael Dumais Buys Shares in Commercial Metals Company
Michael Dumais acquired 1,214 shares of Commercial Metals Company on June 23, 2026.
Key Points
- Michael Dumais bought 1,214 shares of Commercial Metals Company on June 23, 2026, at $71.14 each, totaling $86,363.96.
- Shares of NYSE:CMC traded near $71.14 on Wednesday, with a market cap of about $8.13 billion and a P/E ratio of 16.4.
- Analysts like Morgan Stanley and UBS have maintained or upgraded their ratings with price targets up to $89.
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Michael Dumais, an insider at Commercial Metals Company, purchased 1,214 shares of the company on June 23, 2026. The shares were bought at an average price of $71.14 each, amounting to a total transaction value of $86,363.96. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Commercial Metals Company
In addition to Michael Dumais, other insiders have been active in buying shares of Commercial Metals Company. On April 15, 2026, several insiders, including Tandra Perkins and Dennis Arriola, purchased shares at $64.91 each. These transactions highlight ongoing interest from company insiders.
Other Institutional Activity in Commercial Metals Company
Among institutional investors, BlackRock, Inc. reduced its holdings by 30,164 shares, bringing its total to 14,760,761 shares valued at approximately $906.8 million, a 0.2% decrease. State Street Corp increased its stake by 909,054 shares, reaching a total of 7,270,531 shares worth about $446.6 million, marking a 14.3% increase. Dimensional Fund Advisors LP slightly trimmed its position by 472 shares, keeping 6,628,061 shares valued at $407.2 million. Vanguard Portfolio Management LLC opened a new position with 5,765,731 shares valued at $354.2 million. FMR LLC added 1,245,218 shares, growing its holdings by 33.4% to 4,970,895 shares worth $305.4 million.
Commercial Metals Company Stock Up 5.4%
On Wednesday, shares of Commercial Metals Company (NYSE:CMC) traded near $71.14. The company has a market capitalization of about $8.13 billion, with a P/E ratio of 16.4 and a forward P/E of 10.6. The stock's beta is 1.505, indicating higher volatility compared to the market. Over the past year, the stock has ranged from a low of $47.06 to a high of $84.87. Its 50-day moving average is $71.25, and the 200-day moving average is $67.24. The company maintains a current ratio of 2.38 and a quick ratio of 1.30, with a debt-to-equity ratio of 81.61.
$CMC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Commercial Metals Company reported revenue of approximately $8.39 billion, with a revenue growth of 21.5%. The company's net margin stands at 6.02%, and its return on equity is 12.0%. The next earnings report is expected on June 25, 2026.
Dividend
Commercial Metals Company offers an annual dividend rate of $0.74, yielding 1.02% with a payout ratio of 16.11%. The ex-dividend date was not specified.
Analysts Set New Price Targets
On June 22, 2026, Morgan Stanley maintained its 'buy' rating for Commercial Metals Company with a price target of $88. UBS upgraded the stock to 'buy' with a target of $89 on May 14, 2026. Barclays initiated coverage with a 'hold' rating and a $75 target on May 22, 2026. The consensus among 11 analysts is a 'buy' rating, with an average price target of $80.55.
About Commercial Metals Company
Commercial Metals Company, based in Irving, Texas, operates in the metal fabrication industry. It manufactures, recycles, and fabricates steel and metal products across the United States, Poland, China, and other countries. The company serves various industries, including construction, energy, and defense, with products like reinforcing bars, wire rods, and armor plates. Led by CEO Peter R. Matt, the company employs around 12,690 people.
Bottom Line
Michael Dumais's recent purchase of shares in Commercial Metals Company reflects continued insider interest in the stock. Institutional investors have also been active, with some increasing their positions significantly. Analysts remain optimistic, with several maintaining or raising their price targets, suggesting a positive outlook for the company. As always, it's important to remember that insider and institutional moves are backward-looking and may not represent current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.