Core & Main, Inc. (NYSE:CNM) Director Sells $2,726,748.12 in Stock

Core & Main, Inc. (NYSE:CNM - Get Free Report) Director James G. Castellano sold 43,994 shares of Core & Main stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $61.98, for a total value of $2,726,748.12. Following the completion of the transaction, the director directly owned 4,638 shares in the company, valued at approximately $287,463.24. This represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Core & Main Price Performance

Core & Main stock traded up $0.95 on Monday, reaching $62.95. The company's stock had a trading volume of 2,576,280 shares, compared to its average volume of 2,288,998. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.10 and a current ratio of 1.96. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.83 and a beta of 1.04. The business's fifty day moving average price is $57.69 and its 200 day moving average price is $53.50. Core & Main, Inc. has a twelve month low of $37.22 and a twelve month high of $63.83.

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

Hedge Funds Weigh In On Core & Main

Several large investors have recently made changes to their positions in the company. Enhancing Capital LLC lifted its stake 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 valued at $1,538,000 after acquiring an additional 196 shares during the period. Bfsg LLC lifted its stake in Core & Main by 56.4% in the second quarter. Bfsg LLC now owns 560 shares of the company's stock valued at $34,000 after buying an additional 202 shares during the period. CWM LLC lifted its stake in Core & Main by 34.0% in the first quarter. CWM LLC now owns 839 shares of the company's stock valued at $41,000 after buying an additional 213 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Core & Main by 3.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,106 shares of the company's stock valued at $343,000 after buying an additional 229 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in Core & Main by 2.6% in the first quarter. Crossmark Global Holdings Inc. now owns 10,902 shares of the company's stock valued at $527,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 94.19% of the company's stock.

Wall Street Analysts Forecast Growth

CNM has been the topic of a number of research reports. Loop Capital boosted their price objective on 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. boosted their price objective on 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 boosted their price objective on Core & Main from $60.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Core & Main in a research report on Tuesday, April 1st. They set a "buy" rating and a $60.00 price objective on the stock. Finally, Citigroup boosted their price objective on Core & Main from $56.00 to $62.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

About Core & Main

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.

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