Intech Investment Management 13F: Adds $2.1M to CMC Stake

Intech Investment Management has increased its holdings in CMC by 18%, according to its latest 13F filing with the SEC. The fund added 26,390 shares, bringing its total to 169,466 shares, valued at approximately $13.18 million. This filing reflects the fund's position as of the end of the reporting period and may not represent its current stance.

What Changed in Intech Investment Management's CMC Position

Intech Investment Management significantly boosted its position in CMC, adding 26,390 shares to its portfolio. This move represents an 18% increase, raising its total holdings to 169,466 shares. The value of this position is now around $13.18 million.

Other Institutional Activity in CMC

Several other institutional investors have also adjusted their positions in CMC. BlackRock, Inc. slightly reduced its holdings by 30,164 shares, ending with approximately 14.76 million shares valued at $906.75 million. State Street Corp increased its stake by 909,054 shares, bringing its total to about 7.27 million shares worth $446.63 million. Dimensional Fund Advisors LP made a minor reduction of 472 shares, maintaining around 6.63 million shares valued at $407.16 million. Meanwhile, FMR LLC significantly increased its holdings by 1,245,218 shares to reach nearly 4.97 million shares, valued at $305.36 million.

Commercial Metals Company Stock Up 20.6%

CMC shares are currently trading at $77.76. The company has a market capitalization of approximately $131.78 million. The cost basis for Intech Investment Management's recent acquisition was $60.94 per share.

Insider Buying and Selling at Commercial Metals Company

Recent insider activity at CMC includes several transactions. On April 15, 2026, Tandra Perkins, Dennis Arriola, Robert Wetherbee, Dawne Hickton, and John McPherson each purchased small amounts of CMC shares at an average price of $64.91. Additionally, on April 10, 2026, Peter Matt, the President and CEO, sold 4,685 shares at an average price of $65.57.

Analysts Set New Price Targets

Analysts have been active in setting new price targets for CMC. On June 1, 2026, Morgan Stanley maintained its 'buy' rating with a target price of $83. Previously, on May 22, 2026, Barclays initiated coverage with a 'hold' rating and a $75 target. UBS upgraded the stock to a 'buy' with an $89 target on May 14, 2026. The consensus among analysts is a 'buy' rating, with an average target price reflecting positive sentiment.

About CMC

CMC operates in the manufacturing sector, focusing on producing and distributing metal products. The company is known for its wide range of metal solutions, serving industries such as construction and automotive. With its headquarters in the United States, CMC continues to innovate and expand its product offerings to meet industry demands.

Bottom Line

Intech Investment Management's recent increase in CMC shares is a noteworthy move, highlighting its confidence in the company's potential. These changes are based on filings that reflect past positions and may not indicate the current holdings. Investors often track such filings to gauge institutional sentiment, although they should remember these are historical snapshots.