Mark G. Whittenburg Sells 900 Shares of Core & Main, Inc. (NYSE:CNM) Stock

Core & Main, Inc. (NYSE:CNM - Get Free Report) General Counsel Mark G. Whittenburg sold 900 shares of Core & Main stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $60.03, for a total transaction of $54,027.00. Following the completion of the transaction, the general counsel now directly owns 9,691 shares in the company, valued at approximately $581,750.73. The trade was a 8.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Core & Main Stock Down 1.1%

Shares of Core & Main stock traded down $0.64 on Wednesday, reaching $57.46. 2,591,385 shares of the company were exchanged, compared to its average volume of 2,298,832. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $52.49 and a 200 day moving average of $51.88. Core & Main, Inc. has a one year low of $37.22 and a one year high of $60.38. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.61 and a beta of 1.02.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 return on equity of 24.71% and a net margin of 5.71%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, equities research analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CNM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. 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 target on the stock. Wells Fargo & Company increased their price objective on Core & Main from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday. Loop Capital lifted their target price on Core & Main from $63.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on Core & Main from $60.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Hedge Funds Weigh In On Core & Main

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Core & Main by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 18,219,997 shares of the company's stock worth $927,580,000 after buying an additional 221,970 shares during the period. FMR LLC boosted its holdings in shares of Core & Main by 4.1% during the fourth quarter. FMR LLC now owns 9,055,993 shares of the company's stock worth $461,041,000 after acquiring an additional 358,909 shares during the period. Invesco Ltd. boosted its holdings in shares of Core & Main by 0.8% during the fourth quarter. Invesco Ltd. now owns 5,926,569 shares of the company's stock worth $301,722,000 after acquiring an additional 44,513 shares during the period. Bessemer Group Inc. grew its position in shares of Core & Main by 0.5% in the fourth quarter. Bessemer Group Inc. now owns 3,835,182 shares of the company's stock valued at $195,250,000 after purchasing an additional 20,756 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in shares of Core & Main by 1.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,810,739 shares of the company's stock worth $194,005,000 after purchasing an additional 48,833 shares during the period. 94.19% of the stock is currently owned by institutional investors and hedge funds.

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.