John R. Schaller Sells 21,868 Shares of Core & Main, Inc. (NYSE:CNM) Stock

Core & Main, Inc. (NYSE:CNM) EVP John R. Schaller sold 21,868 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $46.82, for a total value of $1,023,859.76. Following the sale, the executive vice president now directly owns 16,452 shares of the company’s stock, valued at $770,282.64. This represents a 57.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Core & Main Trading Down 0.2 %

Shares of NYSE:CNM opened at $46.60 on Wednesday. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $62.15. The business’s fifty day simple moving average is $52.86 and its 200-day simple moving average is $48.57. The company has a market capitalization of $9.26 billion, a PE ratio of 21.88, a P/E/G ratio of 2.61 and a beta of 1.05. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CNM. Ashton Thomas Securities LLC purchased a new position in shares of Core & Main in the 3rd quarter valued at $26,000. Avior Wealth Management LLC increased its holdings in shares of Core & Main by 51.3% in the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock valued at $41,000 after acquiring an additional 271 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Core & Main in the 3rd quarter valued at $49,000. UMB Bank n.a. increased its holdings in shares of 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 acquiring an additional 684 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Core & Main by 30.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company’s stock valued at $61,000 after acquiring an additional 278 shares during the period. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNM has been the subject of a number of research analyst reports. Loop Capital raised their price target on Core & Main from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price objective on Core & Main from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Truist Financial raised their price objective on Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Citigroup raised their price objective on Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Barclays raised their price objective on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.60.

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.