Insider Selling: Core & Main, Inc. (NYSE:CNM) General Counsel Sells 1,974 Shares of Stock

Core & Main, Inc. (NYSE:CNM) General Counsel Mark G. Whittenburg sold 1,974 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total value of $109,142.46. Following the transaction, the general counsel now directly owns 7,667 shares in the company, valued at $423,908.43. The trade was a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Core & Main Trading Up 0.6 %

Core & Main stock opened at $55.21 on Friday. Core & Main, Inc. has a one year low of $37.22 and a one year high of $62.15. The company’s fifty day moving average price is $49.97 and its two-hundred day moving average price is $47.97. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.79 and a beta of 1.02. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28.

Core & Main (NYSE:CNM) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business earned $0.65 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Institutional Trading of Core & Main

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Core & Main in the 3rd quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in Core & Main during the third quarter valued at about $31,000. Avior Wealth Management LLC grew its position in shares of Core & Main by 51.3% in the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock valued at $41,000 after purchasing an additional 271 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Core & Main by 246.0% in the fourth quarter. UMB Bank n.a. now owns 962 shares of the company’s stock worth $49,000 after purchasing an additional 684 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Core & Main during the 3rd quarter worth about $49,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CNM shares. Robert W. Baird upped their target price on Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Loop Capital increased their target price on shares of Core & Main from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays boosted their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Citigroup increased their price objective on Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their target price on Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.30.

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.