Core & Main, Inc. (NYSE:CNM) EVP John R. Schaller Sells 9,794 Shares

Core & Main, Inc. (NYSE:CNM - Get Free Report) EVP John R. Schaller sold 9,794 shares of Core & Main stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $55.00, for a total value of $538,670.00. Following the sale, the executive vice president now directly owns 19,689 shares of the company's stock, valued at approximately $1,082,895. The trade was a 33.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Core & Main Price Performance

Shares of CNM traded up $0.07 during midday trading on Friday, hitting $54.80. The company's stock had a trading volume of 2,320,463 shares, compared to its average volume of 2,335,945. Core & Main, Inc. has a one year low of $37.22 and a one year high of $58.29. The company's fifty day simple moving average is $50.97 and its two-hundred day simple moving average is $51.15. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The company's revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, equities analysts expect that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Core & Main

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its holdings in Core & Main by 447.1% during the 1st quarter. Parallel Advisors LLC now owns 651 shares of the company's stock worth $31,000 after acquiring an additional 532 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in Core & Main by 262.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company's stock worth $35,000 after acquiring an additional 524 shares during the last quarter. Rossby Financial LCC bought a new stake in Core & Main during the 1st quarter worth approximately $37,000. Avior Wealth Management LLC grew its position 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 buying an additional 271 shares during the last quarter. Finally, CWM LLC grew its position in shares of Core & Main by 34.0% in the 1st quarter. CWM LLC now owns 839 shares of the company's stock valued at $41,000 after buying an additional 213 shares during the last quarter. 94.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CNM. JPMorgan Chase & Co. lifted their price target on Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Wells Fargo & Company lifted their price objective on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Robert W. Baird dropped their price objective on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Royal Bank of Canada dropped their price objective on Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Core & Main in a report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.91.

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.