Core & Main, Inc. (NYSE:CNM) CFO Sells $1,512,250.00 in Stock

Core & Main, Inc. (NYSE:CNM - Get Free Report) CFO Robyn L. Bradbury sold 25,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $60.49, for a total transaction of $1,512,250.00. Following the transaction, the chief financial officer owned 8,555 shares in the company, valued at approximately $517,491.95. The trade was a 74.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Core & Main Price Performance

NYSE:CNM traded up $0.49 on Friday, reaching $62.33. The stock had a trading volume of 1,039,715 shares, compared to its average volume of 2,287,023. The company has a market capitalization of $12.29 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $62.47. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 1.23. The stock has a fifty day moving average price of $55.86 and a 200-day moving average price of $52.77.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.84 billion. Core & Main had a net margin of 5.47% and a return on equity of 23.55%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Research analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current year.

Hedge Funds Weigh In On Core & Main

A number of large investors have recently modified their holdings of the stock. Enhancing Capital LLC lifted its position in shares of Core & Main by 0.6% during the first quarter. Enhancing Capital LLC now owns 31,846 shares of the company's stock worth $1,538,000 after purchasing an additional 196 shares in the last quarter. US Bancorp DE lifted its position in shares of Core & Main by 12.3% during the fourth quarter. US Bancorp DE now owns 1,795 shares of the company's stock worth $91,000 after purchasing an additional 197 shares in the last quarter. CWM LLC lifted its position in shares of Core & Main by 34.0% during the first quarter. CWM LLC now owns 839 shares of the company's stock worth $41,000 after purchasing an additional 213 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Core & Main by 3.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,106 shares of the company's stock worth $343,000 after purchasing an additional 229 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Core & Main by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 10,902 shares of the company's stock worth $527,000 after purchasing an additional 272 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CNM shares. Wells Fargo & Company lifted their target price on shares of Core & Main from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, June 10th. Loop Capital lifted their target price on shares of Core & Main from $63.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their target price on shares of Core & Main from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada lifted their target price on shares of Core & Main from $60.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Finally, Robert W. Baird decreased their target price on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Core & Main has a consensus rating of "Moderate Buy" and a consensus price target of $59.55.

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.