Core & Main, Inc. (NYSE:CNM - Get Free Report) CFO Robyn L. Bradbury sold 5,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $64.51, for a total value of $322,550.00. Following the transaction, the chief financial officer owned 8,555 shares in the company, valued at $551,883.05. The trade was a 36.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Core & Main Trading Up 0.9%
Shares of CNM traded up $0.60 during mid-day trading on Friday, reaching $65.77. 698,453 shares of the company were exchanged, compared to its average volume of 1,991,249. Core & Main, Inc. has a 52 week low of $37.22 and a 52 week high of $65.88. 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 business has a 50 day simple moving average of $58.59 and a two-hundred day simple moving average of $53.83. The stock has a market capitalization of $12.97 billion, a PE ratio of 30.64, a PEG ratio of 1.92 and a beta of 1.04.
Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Core & Main had a return on equity of 23.55% and a net margin of 5.47%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The company's revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Core & Main
Several institutional investors have recently added to or reduced their stakes in CNM. Enhancing Capital LLC boosted its position in Core & Main by 0.6% in the first quarter. Enhancing Capital LLC now owns 31,846 shares of the company's stock worth $1,538,000 after purchasing an additional 196 shares during the last quarter. Bfsg LLC boosted its position in Core & Main by 56.4% in the second quarter. Bfsg LLC now owns 560 shares of the company's stock worth $34,000 after purchasing an additional 202 shares during the last quarter. CWM LLC boosted its position in Core & Main by 34.0% in the first 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. Cambridge Investment Research Advisors Inc. boosted its position 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 worth $343,000 after purchasing an additional 229 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Core & Main by 2.6% during the 1st 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 last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on CNM shares. Citigroup raised their price target on Core & Main from $56.00 to $62.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Royal Bank Of Canada raised 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, June 10th. 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. Deutsche Bank Aktiengesellschaft started coverage on Core & Main in a research report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on Core & Main from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.
Check Out Our Latest Stock Analysis on CNM
About Core & Main
(
Get Free Report)
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.
Further Reading
Before you consider Core & Main, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Core & Main wasn't on the list.
While Core & Main currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
