Core & Main (CNM) Scheduled to Post Earnings on Tuesday

Core & Main (NYSE:CNMGet Free Report) will be releasing its earnings data before the market opens on Tuesday, March 19th. Analysts expect Core & Main to post earnings of $0.47 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Core & Main Price Performance

Shares of NYSE CNM opened at $50.92 on Friday. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.36 and a beta of 1.11. Core & Main has a 52 week low of $20.30 and a 52 week high of $51.00. The company’s 50-day moving average price is $44.33 and its 200 day moving average price is $37.10. The company has a current ratio of 2.36, a quick ratio of 1.46 and a debt-to-equity ratio of 0.65.

Insider Activity at Core & Main

In related news, VP John Weldon Stephens sold 43,900 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.02, for a total value of $2,195,878.00. Following the transaction, the vice president now owns 3,468 shares in the company, valued at $173,469.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Core & Main news, VP John Weldon Stephens sold 43,900 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.02, for a total value of $2,195,878.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cd&R Investment Associates X, sold 22,675,728 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $38.12, for a total transaction of $864,398,751.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,269,043 shares of company stock worth $1,832,498,260. Company insiders own 3.49% of the company’s stock.

Institutional Trading of Core & Main

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Core & Main during the second quarter worth approximately $43,000. Tower Research Capital LLC TRC grew its position in shares of Core & Main by 335.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,755 shares of the company’s stock worth $55,000 after buying an additional 1,352 shares in the last quarter. Comerica Bank bought a new position in Core & Main during the third quarter worth $53,000. Money Concepts Capital Corp bought a new position in Core & Main during the fourth quarter worth $39,000. Finally, MetLife Investment Management LLC bought a new position in Core & Main during the first quarter worth $58,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Core & Main

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.

See Also

Earnings History for Core & Main (NYSE:CNM)

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