Core & Main, Inc. (NYSE:CNM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Core & Main, Inc. (NYSE:CNM) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $60.6364.

A number of brokerages recently weighed in on CNM. The Goldman Sachs Group decreased their price target on shares of Core & Main from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Truist Financial decreased their price target on shares of Core & Main from $56.00 to $50.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. Zacks Research downgraded shares of Core & Main from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Royal Bank Of Canada lowered their target price on Core & Main from $67.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, September 10th. Finally, Citigroup lowered their target price on Core & Main from $62.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, September 10th.

Core & Main Trading Up 0.3%

CNM stock opened at $54.65 on Monday. The company’s 50-day simple moving average is $55.79 and its 200-day simple moving average is $56.73. The company has a quick ratio of 1.30, a current ratio of 2.25 and a debt-to-equity ratio of 1.14. Core & Main has a 52-week low of $41.64 and a 52-week high of $67.18. The firm has a market cap of $10.79 billion, a P/E ratio of 24.40, a PEG ratio of 2.13 and a beta of 0.98.

Core & Main (NYSE:CNM) last posted its earnings results on Tuesday, September 9th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. Core & Main had a net margin of 5.57% and a return on equity of 25.44%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Core & Main has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Core & Main will post 2.16 EPS for the current fiscal year.

Insider Buying and Selling at Core & Main

In other news, CEO Mark R. Witkowski sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $64.08, for a total transaction of $6,408,000.00. Following the transaction, the chief executive officer directly owned 35,847 shares in the company, valued at $2,297,075.76. The trade was a 73.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.53% of the stock is currently owned by corporate insiders.

Institutional Trading of Core & Main

Several institutional investors have recently made changes to their positions in CNM. EverSource Wealth Advisors LLC raised its position in shares of Core & Main by 145.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 269 shares during the period. Bfsg LLC raised its position in shares of Core & Main by 56.4% during the 2nd quarter. Bfsg LLC now owns 560 shares of the company’s stock valued at $34,000 after buying an additional 202 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Core & Main by 262.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after buying an additional 524 shares during the period. Rossby Financial LCC purchased a new stake in shares of Core & Main during the 1st quarter valued at approximately $37,000. Finally, Hantz Financial Services Inc. raised its position in shares of Core & Main by 815.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 641 shares of the company’s stock valued at $39,000 after buying an additional 571 shares during the period. Hedge funds and other institutional investors own 94.19% of the company’s stock.

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.