Core & Main, Inc. (NYSE:CNM) EVP John R. Schaller Sells 60,452 Shares

Core & Main, Inc. (NYSE:CNM) EVP John R. Schaller sold 60,452 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $50.57, for a total value of $3,057,057.64. Following the sale, the executive vice president now owns 17,898 shares of the company’s stock, valued at approximately $905,101.86. This represents a 77.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Core & Main Trading Up 4.2 %

NYSE:CNM opened at $53.94 on Wednesday. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 2.95 and a beta of 1.02. Core & Main, Inc. has a 12 month low of $37.22 and a 12 month high of $62.15. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The company’s 50 day moving average is $49.42 and its 200-day moving average is $47.83.

Core & Main (NYSE:CNM) last released its earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s revenue was up 11.5% on a year-over-year basis. Equities analysts anticipate that Core & Main, Inc. will post 2.16 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNM. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target (up from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. Citigroup raised their price objective on shares of Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their target price on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Truist Financial increased their price target on shares of Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird lifted their price objective on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.30.

Hedge Funds Weigh In On Core & Main

A number of institutional investors and hedge funds have recently bought and sold shares of CNM. Ashton Thomas Securities LLC bought a new stake in Core & Main in the 3rd quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in shares of Core & Main in the third quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Core & Main during the 3rd quarter worth approximately $49,000. GAMMA Investing LLC boosted its stake in Core & Main by 61.1% during the third quarter. GAMMA Investing LLC now owns 1,348 shares of the company’s stock worth $60,000 after buying an additional 511 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Core & Main during the 2nd quarter valued at about $76,000. Institutional investors own 94.19% of the company’s stock.

Core & Main Company Profile

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 sets, meter accessories, installation, software, and other services.