Fifth Third Wealth Advisors LLC bought a new stake in shares of Core & Main, Inc. (NYSE:CNM – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,177 shares of the company’s stock, valued at approximately $253,000.
Several other large investors also recently modified their holdings of CNM. Rise Advisors LLC acquired a new position in Core & Main in the first quarter valued at about $27,000. Quadrant Capital Group LLC boosted 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 acquiring an additional 365 shares in the last quarter. ORG Partners LLC bought a new position in Core & Main in the first quarter valued at approximately $38,000. GAMMA Investing LLC acquired a new position in Core & Main during the fourth quarter valued at approximately $41,000. Finally, Principal Securities Inc. bought a new stake in Core & Main during the fourth quarter worth $43,000. 94.19% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, Director James G. Castellano sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $52.22, for a total value of $652,750.00. Following the sale, the director now directly owns 11,769 shares in the company, valued at $614,577.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.49% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Core & Main
Core & Main Trading Down 0.5 %
NYSE:CNM traded down $0.27 during mid-day trading on Thursday, hitting $51.23. 69,051 shares of the company’s stock were exchanged, compared to its average volume of 2,415,082. The company has a current ratio of 2.14, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. Core & Main, Inc. has a fifty-two week low of $27.75 and a fifty-two week high of $62.15. The company has a 50 day simple moving average of $50.46 and a 200-day simple moving average of $52.35. The firm has a market capitalization of $10.32 billion, a P/E ratio of 24.07, a PEG ratio of 1.92 and a beta of 1.06.
Core & Main (NYSE:CNM – Get Free Report) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.72 billion. Core & Main had a return on equity of 20.01% and a net margin of 5.53%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. As a group, research analysts expect that Core & Main, Inc. will post 2.32 earnings per share for the current year.
About Core & Main
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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