Core & Main, Inc. (NYSE:CNM) Receives $57.55 Consensus PT from Brokerages

Core & Main, Inc. (NYSE:CNM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $57.91.

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Core & Main from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday. Robert W. Baird decreased their target price on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Core & Main in a research note on Tuesday, April 1st. They set a "buy" rating and a $60.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada lowered 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.

Insider Buying and Selling at Core & Main

In related news, EVP John R. Schaller sold 21,868 shares of Core & Main stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the transaction, the executive vice president now directly owns 16,452 shares in the company, valued at approximately $770,282.64. The trade was a 57.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John Weldon Stephens sold 41,963 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.48, for a total transaction of $2,118,292.24. Following the sale, the chief accounting officer now directly owns 4,120 shares in the company, valued at $207,977.60. The trade was a 91.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,045 shares of company stock valued at $3,683,698 over the last three months. 3.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Core & Main

A number of large investors have recently made changes to their positions in CNM. Parallel Advisors LLC boosted its stake in 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 purchasing an additional 532 shares during the period. Rossby Financial LCC bought a new position in shares of Core & Main in the first quarter valued at approximately $37,000. Cubist Systematic Strategies LLC grew its stake in Core & Main by 262.0% during the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company's stock valued at $35,000 after acquiring an additional 524 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Core & Main by 51.3% during the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock worth $41,000 after acquiring an additional 271 shares during the period. Finally, CWM LLC lifted its stake in 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 in the last quarter. 94.19% of the stock is owned by institutional investors.

Core & Main Stock Down 0.6%

Shares of NYSE CNM traded down $0.35 during trading on Friday, hitting $54.58. The stock had a trading volume of 3,732,896 shares, compared to its average volume of 2,328,010. Core & Main has a 12 month low of $37.22 and a 12 month high of $58.29. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The company has a market capitalization of $10.80 billion, a PE ratio of 25.62, a PEG ratio of 2.61 and a beta of 1.04. The firm has a fifty day moving average of $50.76 and a two-hundred day moving average of $50.92.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.70 billion for 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 firm's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that Core & Main will post 2.16 EPS for the current fiscal year.

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.