Bradford A. Cowles Sells 25,000 Shares of Core & Main, Inc. (NYSE:CNM) Stock

Core & Main, Inc. (NYSE:CNM - Get Free Report) President Bradford A. Cowles sold 25,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $54.48, for a total transaction of $1,362,000.00. Following the sale, the president now directly owns 16,010 shares in the company, valued at $872,224.80. This trade represents a 60.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Core & Main Stock Performance

Shares of CNM stock traded up $0.18 during trading on Friday, reaching $54.22. 1,016,255 shares of the company's stock were exchanged, compared to its average volume of 1,549,716. The firm's fifty day moving average price is $53.40 and its 200-day moving average price is $48.59. The stock has a market capitalization of $10.77 billion, a PE ratio of 25.46, a PEG ratio of 2.75 and a beta of 1.03. Core & Main, Inc. has a twelve month low of $37.22 and a twelve 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.

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

Hedge Funds Weigh In On Core & Main

Several hedge funds have recently made changes to their positions in CNM. GAMMA Investing LLC increased its holdings in shares of Core & Main by 61.1% in 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 during the period. ORG Wealth Partners LLC bought a new position in Core & Main in the 3rd quarter valued at approximately $31,000. Wedge Capital Management L L P NC bought a new position in shares of Core & Main during the 3rd quarter valued at $13,420,000. CX Institutional purchased a new stake in shares of Core & Main in the 3rd quarter worth $3,804,000. Finally, Washington Capital Management Inc. purchased a new stake in Core & Main in the 3rd quarter worth $346,000. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CNM. Citigroup raised their price objective on shares of Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Robert W. Baird lifted their price target on shares of Core & Main from $60.00 to $66.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price objective on shares of Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Loop Capital boosted their price objective on shares of Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Core & Main from $50.00 to $57.00 and gave the stock 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 given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.60.

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.