Core & Main, Inc. (NYSE:CNM) Given Consensus Rating of "Moderate Buy" by Brokerages

Core & Main, Inc. (NYSE:CNM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $57.55.

A number of research analysts have commented on CNM shares. Wells Fargo & Company upped their price objective on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Citigroup lifted their price target on Core & Main from $43.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Core & Main in a report on Tuesday, April 1st. They set a "buy" rating and a $60.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Finally, Robert W. Baird decreased their price target on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th.

Insider Transactions at Core & Main

In related news, General Counsel Mark G. Whittenburg sold 50,000 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $50.49, for a total value of $2,524,500.00. Following the sale, the general counsel now owns 7,667 shares in the company, valued at $387,106.83. This represents a 86.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Bradford A. Cowles sold 12,500 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $50.50, for a total value of $631,250.00. Following the completion of the sale, the president now directly owns 16,010 shares of the company's stock, valued at approximately $808,505. This trade represents a 43.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,257 shares of company stock valued at $11,501,977 in the last 90 days. 3.49% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On Core & Main

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC grew its stake in shares of Core & Main by 51.3% in 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Core & Main during the third quarter worth about $49,000. UMB Bank n.a. grew its position in Core & Main by 246.0% in the 4th quarter. UMB Bank n.a. now owns 962 shares of the company's stock worth $49,000 after purchasing an additional 684 shares in the last quarter. Versant Capital Management Inc increased its stake in Core & Main by 1,491.8% in the 1st quarter. Versant Capital Management Inc now owns 1,162 shares of the company's stock valued at $56,000 after buying an additional 1,089 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Core & Main by 30.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company's stock valued at $61,000 after buying an additional 278 shares during the last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.

Core & Main Stock Performance

CNM stock traded down $0.79 during trading hours on Thursday, reaching $45.35. The stock had a trading volume of 2,923,524 shares, compared to its average volume of 2,285,704. The stock has a 50-day simple moving average of $50.84 and a 200 day simple moving average of $49.19. Core & Main has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. The stock has a market capitalization of $8.97 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28.

Core & Main (NYSE:CNM - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $1.70 billion for the quarter, compared to analyst estimates 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 was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. Analysts predict 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.