NFJ Investment Group Adds Commercial Metals Stake; Analysts Adjust Targets

NFJ Investment Group LLC established a new position in Commercial Metals Company (NYSE: CMC) during the second quarter. The firm purchased 543,780 shares, a stake valued at approximately $34.12 million. This investment represents 1.2% of NFJ Investment Group’s portfolio, ranking it as the 28th largest holding for the firm.

Other institutional investors have also recently modified their exposure to the basic materials company. USA Financial Formulas increased its position by 67.6% in the first quarter, adding 200 shares to reach a total of 496 shares worth $30,000. Global Retirement Partners LLC acquired a new stake valued at roughly $34,000 in the second quarter.

Caitong International Asset Management Co. Ltd raised its holdings by 617.2% in the fourth quarter, ending with 832 shares valued at $58,000. Los Angeles Capital Management LLC bought a new position worth approximately $59,000 in the fourth quarter. EverSource Wealth Advisors LLC increased its stake by 105.0% in the first quarter, acquiring 626 additional shares to hold 1,222 shares valued at $75,000.

Institutional investors currently own 86.90% of the company’s stock.

Recent analyst activity has seen several firms adjust their ratings and price targets for CMC. Weiss Ratings upgraded the stock from a hold to a buy rating on July 30. Barclays raised its price objective from $75.00 to $80.00 and maintained an equal weight rating on August 7.

Morgan Stanley increased its target from $83.00 to $88.00 with an overweight rating on June 22. Zacks Research moved its rating from strong sell to hold on July 13. Wells Fargo & Company lifted its target from $77.00 to $80.00 with an equal weight rating on June 26.

Currently, ten analysts rate the stock as a Buy and five as a Hold. MarketBeat reports an average rating of Moderate Buy and an average target price of $81.18.

Commercial Metals shares opened at $65.36 on Friday, with the stock down 4.1% in recent trading. The company has a market capitalization of $7.23 billion and a price-to-earnings ratio of 12.31. The stock’s twelve-month range spans from a low of $53.08 to a high of $84.87. Financial metrics include a quick ratio of 1.54, a current ratio of 2.33, and a debt-to-equity ratio of 0.73.

The company reported its most recent quarterly earnings on June 25. Commercial Metals posted earnings per share of $1.73, exceeding the consensus estimate of $1.70. Revenue for the quarter reached $2.48 billion, surpassing expectations of $2.40 billion and rising 22.9% year-over-year.

The firm recorded a return on equity of 15.69% and a net margin of 6.72%. Analysts project the company will achieve 6.64 EPS for the current fiscal year.

CMC Rebar employs about 35 people in Melissa, according to local government records.

Source: themarketsdaily.com.

Sources

https://www.themarketsdaily.com/2026/08/21/nfj-investment-group-llc-makes-new-investment-in-commercial-metals-company-cmc.html