Robyn Bradbury Sells 5,000 Shares of Core & Main (NYSE:CNM) Stock

Core & Main, Inc. (NYSE:CNM) CFO Robyn Bradbury sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.54, for a total transaction of $262,700.00. Following the sale, the chief financial officer owned 12,500 shares in the company, valued at $656,750. The trade was a 28.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Core & Main Stock Down 0.5%

Shares of CNM stock traded down $0.24 during trading hours on Tuesday, reaching $49.76. 3,293,996 shares of the stock were exchanged, compared to its average volume of 2,397,279. The business’s fifty day moving average is $52.10 and its two-hundred day moving average is $52.49. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.63 and a quick ratio of 1.51. Core & Main, Inc. has a 12-month low of $43.96 and a 12-month high of $67.18. The firm has a market capitalization of $9.69 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.83 and a beta of 1.00.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research lowered shares of Core & Main from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Wells Fargo & Company increased their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Core & Main from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Barclays dropped their price target on shares of Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 price target on shares of Core & Main in a research note on Friday, January 9th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Core & Main currently has an average rating of “Moderate Buy” and an average price target of $61.64.

Hedge Funds Weigh In On Core & Main

Several hedge funds have recently added to or reduced their stakes in CNM. Wolverine Asset Management LLC acquired a new stake in shares of Core & Main in the third quarter valued at approximately $1,130,000. Jennison Associates LLC boosted its holdings in shares of Core & Main by 41.7% in the third quarter. Jennison Associates LLC now owns 2,087,166 shares of the company’s stock valued at $112,352,000 after acquiring an additional 614,595 shares during the period. Pembroke Management LTD boosted its holdings in shares of Core & Main by 26.6% in the third quarter. Pembroke Management LTD now owns 909,216 shares of the company’s stock valued at $48,943,000 after acquiring an additional 190,879 shares during the period. Procyon Advisors LLC acquired a new stake in shares of Core & Main in the fourth quarter valued at approximately $1,779,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Core & Main by 286.4% in the third quarter. SG Americas Securities LLC now owns 122,806 shares of the company’s stock valued at $6,611,000 after acquiring an additional 91,026 shares during the period. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

About Core & Main

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.