Core & Main, Inc. (NYSE:CNM) VP Sells $2,195,878.00 in Stock

Core & Main, Inc. (NYSE:CNMGet Free Report) VP John Weldon Stephens sold 43,900 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.02, for a total transaction of $2,195,878.00. Following the sale, the vice president now owns 3,468 shares of the company’s stock, valued at $173,469.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

John Weldon Stephens also recently made the following trade(s):

  • On Monday, March 4th, John Weldon Stephens sold 1,100 shares of Core & Main stock. The stock was sold at an average price of $50.02, for a total transaction of $55,022.00.

Core & Main Stock Down 2.9 %

Shares of NYSE:CNM traded down $1.43 during trading on Monday, reaching $48.28. 2,806,868 shares of the company traded hands, compared to its average volume of 3,060,912. The firm has a fifty day simple moving average of $43.47 and a 200 day simple moving average of $36.62. The firm has a market cap of $10.44 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.11. Core & Main, Inc. has a 1-year low of $20.30 and a 1-year high of $50.86. The company has a quick ratio of 1.46, a current ratio of 2.36 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

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

View Our Latest Stock Report on CNM

Institutional Investors Weigh In On Core & Main

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in shares of Core & Main by 74.5% during the 4th quarter. Quadrant Capital Group LLC now owns 855 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares in the last quarter. US Bancorp DE raised its holdings in shares of Core & Main by 37.3% during the 2nd quarter. US Bancorp DE now owns 1,938 shares of the company’s stock valued at $61,000 after purchasing an additional 527 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Core & Main by 6.7% during the 3rd quarter. Brown Advisory Inc. now owns 8,456 shares of the company’s stock valued at $244,000 after purchasing an additional 532 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Core & Main by 7.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 9,676 shares of the company’s stock valued at $303,000 after purchasing an additional 630 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Core & Main by 3.3% in the 2nd quarter. Citigroup Inc. now owns 19,704 shares of the company’s stock worth $618,000 after acquiring an additional 631 shares during the period. Institutional investors and hedge funds own 94.19% of the company’s stock.

Core & Main Company Profile

(Get Free Report)

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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