On January 20, 2026, Dennis V. Arriola, a member of the board of directors at Commercial Metals Company (NYSE: CMC), conducted a stock purchase involving 2,000 shares of the company's common shares at a price of $74.69 per share. This acquisition equates to an investment of approximately $149,380. Following this transaction, Arriola's total direct ownership in Commercial Metals expanded to 9,238 shares.
Coinciding with this insider purchase, Commercial Metals Company announced its financial results for the first quarter of fiscal 2026, delivering stronger-than-expected figures. The company reported adjusted earnings per share of $1.84, surpassing analyst consensus estimates of $1.56 by nearly 18%. Additionally, revenues totaled $2.12 billion, exceeding the anticipated $2.06 billion target.
In response to the encouraging financial performance, investment firm Jefferies adjusted its price target for Commercial Metals upward, raising it from $78.00 to $85.00 per share while affirming a Buy recommendation. Jefferies specifically noted the company's dependable operational execution, which it highlighted as a competitive advantage relative to others in the metals industry.
These developments collectively underscore a moment of robust business momentum for Commercial Metals, as signaled by insider activity, impressive earnings results, and positive analyst sentiment.