John Weldon Stephens Sells 1,100 Shares of Core & Main, Inc. (NYSE:CNM) Stock

Core & Main, Inc. (NYSE:CNMGet Free Report) VP John Weldon Stephens sold 1,100 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $50.02, for a total value of $55,022.00. Following the sale, the vice president now directly owns 3,468 shares of the company’s stock, valued at $173,469.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Core & Main Stock Performance

NYSE:CNM opened at $49.70 on Friday. The business’s 50-day moving average price is $43.31 and its two-hundred day moving average price is $36.43. Core & Main, Inc. has a twelve month low of $20.30 and a twelve month high of $50.86. The stock has a market cap of $10.75 billion, a P/E ratio of 23.44, a PEG ratio of 2.33 and a beta of 1.11. The company has a quick ratio of 1.46, a current ratio of 2.36 and a debt-to-equity ratio of 0.65.

Core & Main (NYSE:CNMGet Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.03). The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. Core & Main had a net margin of 5.46% and a return on equity of 16.03%. Core & Main’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. As a group, equities analysts predict that Core & Main, Inc. will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Core & Main

Several institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in Core & Main by 74.5% during the 4th quarter. Quadrant Capital Group LLC now owns 855 shares of the company’s stock worth $35,000 after acquiring an additional 365 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Core & Main during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC bought a new position in Core & Main during the 4th quarter worth approximately $41,000. Penserra Capital Management LLC bought a new position in Core & Main during the 2nd quarter worth approximately $31,000. Finally, Principal Securities Inc. bought a new position in Core & Main during the 4th quarter worth approximately $43,000. 94.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CNM shares. Citigroup upgraded shares of Core & Main from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.00 to $48.00 in a research note on Monday, January 8th. Truist Financial boosted their target price on Core & Main from $30.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, December 8th. The Goldman Sachs Group upped their price target on Core & Main from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, December 14th. Royal Bank of Canada upped their price target on Core & Main from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, November 28th. Finally, Barclays upped their price target on Core & Main from $38.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, December 8th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Read Our Latest Report on CNM

About Core & Main

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Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter accessories, installation, software, and other services.

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