Commercial Metals Acquires Foley Products Company for $1.84 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: NASDAQ.COM
- Acquisition Deal: Commercial Metals Company has acquired Foley Products Company for $1.84 billion, which will provide a scalable platform in a fragmented industry, enhancing its competitive edge.
- Financial Growth: The company anticipates a 125.2% earnings growth for fiscal 2026, with the earnings forecast revised upward by 21.3% over the past 60 days, indicating strong market confidence.
- Market Demand: Steady demand for steel and metal products in North America is driving growth, as Commercial Metals focuses on augmenting its core capabilities and expanding into new markets.
- Strategic Investment: This acquisition aligns with the company's goal of reducing debt through strategic capital allocation, reflecting its strong financial position and potential for future growth.
Analyst Views on CMC
Wall Street analysts forecast CMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMC is 78.26 USD with a low forecast of 62.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 76.120
Low
62.00
Averages
78.26
High
85.00
Current: 76.120
Low
62.00
Averages
78.26
High
85.00
About CMC
Commercial Metals Company is engaged in offering products and technologies to meet the critical reinforcement needs of the global construction sector. The Company’s solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation, and transmission. Its segments include North America Steel Group, Europe Steel Group and the Emerging Businesses Group. The North America Steel Group segment provides a diverse offering of products and solutions to support the construction sector. The Europe Steel Group segment is composed of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The Emerging Businesses Group segment's portfolio consists of its construction services products, Tensar products and solutions and its impact metals, and performance reinforcing steel products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
