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Commercial Metals Company (CMC)

NYSE - NYSE Delayed Price. Currency in USD
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31.23+0.85 (+2.80%)
At close: 4:00PM EDT
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  • 1
    1%
    Deutsche Bank Adjusts Commercial Metals Company PT to $36 From $32, Maintains Hold Rating
    MT NEWSWIRES 9:55 AM ET 9/15/2021

    Its really time CMC increased the dividend they have the cash and the pipeline looks extremely promising with infrastructure spending coming in the billions.
    Bullish
  • 1
    1%
    The vaccine news this morning will rally the market it’s amazing how the news cycle work in regards to market psychology. CMC should regain its move to $40 now in 2021.
  • 1
    1%
    Metal prices were ticking up last week this downward action is only due to the fall seasonally in trading and the Jewish holidays. Nothing has changed and the weakness expected in Q3 is already a non factor in this market. If this dips under $30 I will add aggressively.
  • J
    Jimbo Wimbo
    This will be $45 by the end of the year
  • S
    See Dub
    CMC has been paying the same $0.12/share quarterly dividend since January'08.
    13.5 years without a dividend hike?
    Isn't it time for a raise?
  • S
    Staymaverick
    Cielo Waste Solutions Corp.
    somebody from BloomBurg reporting on this gave it a $8 price target & said he's not selling. I mean if you listen in to the bloomburg talks on $CMC.V there saying facts & there bullish
    Bullish
  • F
    FTW
    Infrastructure coming and so is $35
    Bullish
  • 🎲Stock-Titan5🎲
    $CMC.V conversation
    Insiders heavily dumped on July 13. Filled on July 18th!

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    Date Issuer Insider Transaction Amount New Balance ⓘ
    2021-07-26 16:19
    2021-07-21 $CMC Gegunde, Gregg
    5 - Senior Officer of Issuer
    Direct Ownership
    Common Shares Class A
    00 - Opening Balance-Initial SEDI Report 200,000
    2021-07-18 18:00
    2021-07-13 $CMC Frenette, Shawn
    5 - Senior Officer of Issuer
    Holder: SSCR Corporate Solutions Ltd. (Indirect Ownership)
    Common Shares Class A
    10 - Acquisition or disposition in the public market $-241,995
    -150,000 vol
    $1.61 each 5,094,643
    2021-07-18 17:57
    2021-07-13 $CMC Bohlmann, Ralph
    5 - Senior Officer of Issuer
    Holder: Brand U Agency Inc. (Indirect Ownership)
    Common Shares Class A
    10 - Acquisition or disposition in the public market $-1,340,370
    -900,000 vol
    $1.49 each 2,000,000
    2021-07-18 17:54
    2021-07-13 $CMC Robins, Lionel Terry
    5 - Senior Officer of Issuer
    Holder: Brand U Agency Inc. (Indirect Ownership)
    Common Shares Class A
    10 - Acquisition or disposition in the public market $-1,340,370
    -900,000 vol
    $1.49 each 2,000,000
    2021-07-18 17:52
    2021-07-13 $CMC Robins, Lionel Terry
    5 - Senior Officer of Issuer
    Direct Ownership
    Common Shares Class A
    10 - Acquisition or disposition in the public market $-161,017.50
    -107,345 vol
    $1.50 each 273,750
    2021-06-30 20:44
    2021-06-25 $CMC McCormick, Stuart
    5 - Senior Officer of Issuer
    Direct Ownership
    Common Shares Class A
    10 - Acquisition or disposition in the public market $-9,900
    -10,000 vol
    $0.99 each 2,500
  • J
    Josh
    $CMC.V conversation
    If you’re looking to expand your portfolio in renewable energy and want support another Canadian company like $CMC please have a look at $SOLR.V
  • J
    Jack
    Why would you invest in CMC which has a Forward PE Ratio of 9.4 for the year 2021 (among the highest of USA steel manufacturers) when X is available at 2.3?
  • c
    charles
    Long 3600 shares of CMC at $22.27. Bought these shares just before the close today. This is a Pure Earnings play. CMC reports Monday morning, pre-market. I am expecting a very good earnings report, beats on EPS and Revenue, along with positive forward Guidance, to lift this Baby up to around the $24.00 level. Company is currently undervalued, and I see numerous catalysts that should result in this moving up on Monday.

    Always do your own Due Diligence on every stock trade, folks. I am WRONG quite often, and the Pure Earnings game is very dangerous. I understand and accept the big risks I am choosing to take, and I do NOT recommend that others do as I do. :-)
    Bullish
  • c
    charles
    I am currently researching CMC as a potential pre-earnings and pure-earnings play to the Long side. This company is undervalued, has numerous positive catalysts going forward, and lots of potential upside over the next two weeks, with limited downside risk, IMO.

    They report earnings on January 6, still quite a few days away, but I see the potential for a price rally going into the release, and then more of a pop to the upside immediately after the release. I expect a very good earnings report, better than consensus estimates. This baby could go to $24+ before earnings release, and then easily break above $25 upon the release.

    Very seriously thinking of going Long with a big chunk of capital sometime next week, perhaps on Tuesday.
    Bullish
  • N
    NOBODY
    Commercial Metals (NYSE:CMC): FQ3 Non-GAAP EPS of $1.04 beats by $0.20; GAAP EPS of $1.07 beats by $0.27.
    Revenue of $1.84B (+37.3% Y/Y) beats by $100M.
    Shipment volumes of finished steel, which include steel products and downstream products, increased by 9% from the prior year third quarter.
    Outlook: "Strong demand across multiple end-use markets should support robust shipment levels of finished steel during the fourth quarter in both North America and Europe. Construction activity is strong and the industrial sectors are growing in both the U.S. and Central Europe, as both regions continue to recover from the pandemic. We expect margins over scrap on steel products in North America and Europe to be relatively flat or up modestly from third quarter levels."
    Bullish
  • N
    NOBODY
    With rebar shortages and steel margins improving Biden’s infrastructure money will be the catalysts to push CMC into the $30s in 2021.
    Bullish
  • L
    Lone Wolf
    In case you are out of the loop BOFA was tapped by Blackrock to downgrade CMC so they could add to the 11% position they already hold in CMC. Play the game and add anytime under $20 the balance sheet are strong along with a sweet dividend you could see get a bump up in 2021.
    Less money for infrastructure is a false narrative being floated by the media for the players .

    WE KNOW
    Bullish
  • N
    NOBODY
    Every time I read the analyst on CMC I need a drink because this company is firing on all cylinders and has a sweet dividend which could be raised in 2021.
  • R
    RSS92
    I was looking at this stock when it was at $20 just 2 months ago. Wish I would’ve bought it. Congrats to those who did.
  • N
    Nomad
    Goldman must want to add under $30 today play the game with them. They are adding to their book.

    WE KNOW
    Bullish
  • B
    Blair
    $CMC.CN conversation
    This is a good time to buy more. The future of $CMC.CN is bright.
  • m
    manufacturingmo
    With all due respect, Harvey, the current national debt has ballooned and exceeded $22 trillion in early 2019. Both parties will be reluctant to push through another huge spending bill. In the event of a downturn/ recession, CMC could be in serious trouble with their narrow focus on recycling and rebar. Diversification used to be the long-term strategy but short term profits seem to prevail with the new era of upper management of CMC. Compare CMC's current stock price to that of competitor Nucor Steel, which last closed at $57.79 and posted earnings of $7.42 per share. CMC's share price has struggled in the most robust period in the steel industry in the modern era.