Core & Main, Inc. (NYSE:CNM - Get Free Report) CFO Mark R. Witkowski sold 50,000 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $58.51, for a total transaction of $2,925,500.00. Following the completion of the transaction, the chief financial officer now owns 23,898 shares in the company, valued at $1,398,271.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Core & Main Trading Up 0.1 %
Shares of NYSE CNM opened at $57.29 on Thursday. Core & Main, Inc. has a 1-year low of $22.31 and a 1-year high of $60.83. The company has a market cap of $11.54 billion, a PE ratio of 26.65, a P/E/G ratio of 1.88 and a beta of 1.15. The company has a current ratio of 2.29, a quick ratio of 1.30 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $50.11 and a two-hundred day moving average of $40.50.
Core & Main (NYSE:CNM - Get Free Report) last announced its earnings results on Tuesday, March 19th. The company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. Core & Main had a net margin of 5.54% and a return on equity of 18.22%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. As a group, equities analysts expect that Core & Main, Inc. will post 2.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
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A number of research analysts recently issued reports on CNM shares. Truist Financial reiterated a "hold" rating and issued a $38.00 target price on shares of Core & Main in a research note on Wednesday, March 20th. Royal Bank of Canada raised their price target on shares of Core & Main from $59.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Loop Capital lifted their target price on shares of Core & Main from $58.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Citigroup lowered shares of Core & Main from a "buy" rating to a "neutral" rating and lifted their target price for the company from $63.00 to $64.00 in a research report on Friday, April 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Core & Main from $42.00 to $61.00 and gave the company a "neutral" rating in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Core & Main has an average rating of "Moderate Buy" and an average target price of $50.08.
Check Out Our Latest Stock Report on CNM
Institutional Investors Weigh In On Core & Main
Several institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC grew its position in shares of Core & Main by 74.5% during the 4th quarter. Quadrant Capital Group LLC now owns 855 shares of the company's stock worth $35,000 after buying an additional 365 shares during the period. Rise Advisors LLC acquired a new stake in shares of Core & Main during the 1st quarter worth approximately $27,000. Brown Advisory Inc. grew its position in shares of Core & Main by 6.7% during the 3rd quarter. Brown Advisory Inc. now owns 8,456 shares of the company's stock worth $244,000 after buying an additional 532 shares during the period. Citigroup Inc. grew its holdings in Core & Main by 3.3% during the second quarter. Citigroup Inc. now owns 19,704 shares of the company's stock valued at $618,000 after purchasing an additional 631 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Core & Main by 3.8% during the second quarter. Captrust Financial Advisors now owns 19,074 shares of the company's stock valued at $425,000 after purchasing an additional 703 shares during the period. Institutional investors and hedge funds own 94.19% of the company's stock.
Core & Main Company Profile
(
Get Free Report)
Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.
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