Core & Main, Inc. (NYSE:CNM) Insider Laura K. Schneider Sells 45,695 Shares

Core & Main, Inc. (NYSE:CNM - Get Free Report) insider Laura K. Schneider sold 45,695 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $56.25, for a total transaction of $2,570,343.75. Following the completion of the sale, the insider now directly owns 12,873 shares of the company's stock, valued at $724,106.25. This trade represents a 78.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Core & Main Trading Down 0.1%

Shares of NYSE:CNM traded down $0.04 on Friday, hitting $59.65. The company had a trading volume of 1,786,994 shares, compared to its average volume of 2,272,742. The firm's 50-day simple moving average is $51.88 and its two-hundred day simple moving average is $51.60. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.61 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. Core & Main, Inc. has a 1 year low of $37.22 and a 1 year high of $60.32.

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

Wall Street Analysts Forecast Growth

CNM has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Robert W. Baird lowered their price target on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Core & Main in a research report on Tuesday, April 1st. They set a "buy" rating and a $60.00 price target for the company. Finally, Royal Bank of Canada decreased their price objective on shares of Core & Main from $62.00 to $60.00 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $57.91.

Institutional Investors Weigh In On Core & Main

A number of hedge funds and other institutional investors have recently bought and sold shares of CNM. Parallel Advisors LLC grew its stake in shares of Core & Main by 447.1% in the 1st quarter. Parallel Advisors LLC now owns 651 shares of the company's stock worth $31,000 after buying an additional 532 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Core & Main by 262.0% in the first 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 position in shares of Core & Main during the first quarter valued at $37,000. CWM LLC raised 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 worth $41,000 after purchasing an additional 213 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Core & Main by 1,491.8% in the 1st quarter. Versant Capital Management Inc now owns 1,162 shares of the company's stock worth $56,000 after purchasing an additional 1,089 shares during the last quarter. Hedge funds and other institutional investors own 94.19% of the company's stock.

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.