Core & Main, Inc. (NYSE:CNM) EVP Sells $1,023,859.76 in Stock

Core & Main, Inc. (NYSE:CNM) EVP John R. Schaller sold 21,868 shares of Core & Main stock in a transaction on Monday, March 10th. The stock was sold at an average price of $46.82, for a total transaction of $1,023,859.76. Following the transaction, the executive vice president now owns 16,452 shares in the company, valued at approximately $770,282.64. This trade represents a 57.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Core & Main Stock Down 0.2 %

NYSE:CNM traded down $0.09 during midday trading on Tuesday, reaching $46.60. 2,606,123 shares of the stock traded hands, compared to its average volume of 2,286,340. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. The stock has a market capitalization of $9.26 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $62.15. The business has a 50-day moving average of $52.95 and a two-hundred day moving average of $48.62.

Hedge Funds Weigh In On Core & Main

Hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its position in Core & Main by 12.3% during the fourth quarter. US Bancorp DE now owns 1,795 shares of the company’s stock valued at $91,000 after purchasing an additional 197 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Core & Main by 4.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $286,000 after buying an additional 258 shares during the period. Avior Wealth Management LLC lifted its holdings in Core & Main by 51.3% during 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 in the last quarter. Quadrant Capital Group LLC boosted its holdings in Core & Main by 30.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company’s stock worth $61,000 after buying an additional 278 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Core & Main by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 5,871 shares of the company’s stock worth $299,000 after acquiring an additional 287 shares during the last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 stock an “outperform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on Core & Main from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Citigroup lifted 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. The Goldman Sachs Group raised their target price on shares of Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price (up from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

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.