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

Core & Main, Inc. (NYSE:CNM - Get Free Report) EVP John R. Schaller sold 60,452 shares of the business's stock in a transaction that occurred 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Core & Main Price Performance

Shares of NYSE:CNM traded up $2.19 during trading on Tuesday, hitting $53.94. 2,098,781 shares of the company were exchanged, compared to its average volume of 1,603,635. The business's 50 day moving average is $49.42 and its 200-day moving average is $47.83. The company has a market capitalization of $10.72 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 2.95 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 $62.15.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Core & Main from $52.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Truist Financial lifted their price target on shares of Core & Main from $38.00 to $56.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Loop Capital lifted their price target on shares of Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Barclays lifted their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. One equities research 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.30.

Institutional Trading of Core & Main

Several institutional investors have recently modified their holdings of CNM. PointState Capital LP bought a new stake in Core & Main during the third quarter valued at $100,013,000. FMR LLC boosted its position in shares of Core & Main by 28.0% during the 3rd quarter. FMR LLC now owns 8,697,084 shares of the company's stock worth $386,151,000 after purchasing an additional 1,903,280 shares in the last quarter. Impax Asset Management Group plc grew its stake in shares of Core & Main by 373.0% in the 3rd quarter. Impax Asset Management Group plc now owns 2,013,880 shares of the company's stock valued at $89,416,000 after buying an additional 1,588,117 shares during the period. Spruce House Investment Management LLC grew its stake in shares of Core & Main by 400.0% in the 3rd quarter. Spruce House Investment Management LLC now owns 1,500,000 shares of the company's stock valued at $66,600,000 after buying an additional 1,200,000 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Core & Main by 37.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,208,698 shares of the company's stock valued at $205,974,000 after buying an additional 1,137,817 shares during the period. Institutional investors own 94.19% of the company's stock.

About Core & Main

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.

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