Core & Main, Inc. (NYSE:CNM) President Bradford A. Cowles Sells 25,000 Shares of Stock

Core & Main, Inc. (NYSE:CNM) President Bradford A. Cowles sold 25,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the transaction, the president now owns 16,010 shares in the company, valued at $872,224.80. The trade was a 60.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Core & Main Trading Down 1.5 %

Shares of CNM stock opened at $54.00 on Thursday. The company has a market cap of $10.73 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.75 and a beta of 1.03. Core & Main, Inc. has a 1 year low of $37.22 and a 1 year high of $62.15. The stock’s 50 day simple moving average is $53.41 and its two-hundred day simple moving average is $48.58. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28.

Core & Main (NYSE:CNM) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.99 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. Core & Main’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Research analysts predict that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CNM shares. Barclays upped their price target on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price (up from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. Loop Capital boosted their price target on shares of Core & Main from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Truist Financial raised their price objective on Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Citigroup boosted their target price on Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.60.

Hedge Funds Weigh In On Core & Main

A number of large investors have recently made changes to their positions in CNM. Ashton Thomas Securities LLC purchased a new stake in shares of Core & Main in the third quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of Core & Main in the third quarter worth about $31,000. Avior Wealth Management LLC increased its stake in Core & Main by 51.3% in the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock worth $41,000 after buying an additional 271 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Core & Main during the 3rd quarter valued at about $49,000. Finally, UMB Bank n.a. boosted its position in Core & Main by 246.0% in the 4th quarter. UMB Bank n.a. now owns 962 shares of the company’s stock valued at $49,000 after buying an additional 684 shares during the period. 94.19% of the stock is owned by hedge funds and other institutional investors.

Core & Main Company Profile

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.