Core & Main, Inc. (NYSE:CNM - Get Free Report) CAO John Weldon Stephens sold 9,497 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $55.19, for a total value of $524,139.43. Following the completion of the transaction, the chief accounting officer now owns 4,281 shares in the company, valued at approximately $236,268.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
John Weldon Stephens also recently made the following trade(s):
- On Friday, April 19th, John Weldon Stephens sold 5,503 shares of Core & Main stock. The stock was sold at an average price of $54.23, for a total value of $298,427.69.
- On Friday, March 22nd, John Weldon Stephens sold 15,000 shares of Core & Main stock. The stock was sold at an average price of $57.91, for a total value of $868,650.00.
- On Thursday, March 7th, John Weldon Stephens sold 43,900 shares of Core & Main stock. The shares were sold at an average price of $50.02, for a total value of $2,195,878.00.
- On Monday, March 4th, John Weldon Stephens sold 1,100 shares of Core & Main stock. The shares were sold at an average price of $50.02, for a total value of $55,022.00.
Core & Main Stock Up 0.3 %
Biden replacement revealed?
From Paradigm Press | Ad
A former CIA insider just announced a disturbing prediction…
Biden will withdraw as the Democrat nominee on June 13.
See his shocking evidence in this new report
Shares of Core & Main stock opened at $56.16 on Thursday. 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 business's 50 day simple moving average is $52.65 and its 200-day simple moving average is $42.34. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 1.69 and a beta of 1.15. Core & Main, Inc. has a twelve month low of $25.16 and a twelve month high of $60.83.
Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings results on Tuesday, March 19th. The company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Core & Main had a return on equity of 18.22% and a net margin of 5.54%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Equities research analysts forecast that Core & Main, Inc. will post 2.59 earnings per share for the current year.
Hedge Funds Weigh In On Core & Main
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNM. Rise Advisors LLC bought a new position in Core & Main in the 1st quarter worth approximately $27,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Core & Main in the 3rd quarter worth approximately $28,000. Quadrant Capital Group LLC grew its holdings in Core & Main by 74.5% in 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 in the last quarter. Kepos Capital LP bought a new position in Core & Main in the 3rd quarter worth approximately $41,000. Finally, GAMMA Investing LLC bought a new position in Core & Main in the 4th quarter worth approximately $41,000. 94.19% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Core & Main from $59.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Loop Capital upped their price objective on Core & Main from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. The Goldman Sachs Group upped their price objective on Core & Main from $42.00 to $61.00 and gave the company a "neutral" rating in a research note on Tuesday, March 26th. Truist Financial restated a "hold" rating and set a $38.00 price objective on shares of Core & Main in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on Core & Main from $38.00 to $54.00 and gave the company an "overweight" rating in a research note on Tuesday, March 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $50.08.
Read Our Latest Report on CNM
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
