Core & Main, Inc. (NYSE:CNM) CAO John Weldon Stephens Sells 9,497 Shares of Stock

Core & Main, Inc. (NYSE:CNM) CAO John Weldon Stephens sold 9,497 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.19, for a total value of $524,139.43. Following the completion of the transaction, the chief accounting officer now directly owns 4,281 shares in the company, valued at approximately $236,268.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, April 19th, John Weldon Stephens sold 5,503 shares of Core & Main stock. The shares were sold at an average price of $54.23, for a total value of $298,427.69.
• On Friday, March 22nd, John Weldon Stephens sold 15,000 shares of Core & Main stock. The shares were sold at an average price of $57.91, for a total value of $868,650.00.
• On Thursday, March 7th, John Weldon Stephens sold 43,900 shares of Core & Main stock. The shares were sold at an average price of $50.02, for a total value of $2,195,878.00.
• On Monday, March 4th, John Weldon Stephens sold 1,100 shares of Core & Main stock. The shares were sold at an average price of $50.02, for a total value of $55,022.00.

Core & Main Trading Up 0.3 %

CNM opened at $56.16 on Thursday. Core & Main, Inc. has a one year low of $25.16 and a one year high of $60.83. The company has a market cap of $11.31 billion, a P/E ratio of 26.12, a PEG ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.30 and a current ratio of 2.29. The business’s 50-day simple moving average is $52.65 and its 200-day simple moving average is $42.34.

Core & Main (NYSE:CNM) last released its quarterly earnings data on Tuesday, March 19th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Core & Main had a return on equity of 18.22% and a net margin of 5.54%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that Core & Main, Inc. will post 2.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CNM shares. Loop Capital boosted their price objective on Core & Main from $58.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Barclays boosted their price objective on Core & Main from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Citigroup downgraded Core & Main from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $64.00 in a report on Friday, April 5th. Royal Bank of Canada boosted their price objective on Core & Main from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Core & Main from $38.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CNM. National Bank of Canada FI increased its holdings in shares of Core & Main by 57.0% in the 3rd quarter. National Bank of Canada FI now owns 12,001 shares of the company’s stock valued at $342,000 after acquiring an additional 4,357 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Core & Main by 17.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 18,419 shares of the company’s stock valued at $531,000 after purchasing an additional 2,716 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Core & Main in the 3rd quarter valued at about $265,000. Oak Thistle LLC boosted its position in shares of Core & Main by 13.8% in the 3rd quarter. Oak Thistle LLC now owns 19,540 shares of the company’s stock valued at $564,000 after purchasing an additional 2,377 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Core & Main by 5,688.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 966,700 shares of the company’s stock valued at $27,889,000 after purchasing an additional 950,000 shares during the period. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Core & Main Company Profile

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 sets, meter accessories, installation, software, and other services.