Orvin T. K. Kimbrough, the director of the company, sold 10,000 shares in an exchange on Thursday April 13th. The stock was bought at an average of $25.01 for a transaction totaling $250,100.00. After the sale was completed, the director owns 5,393 company shares valued at $134 878.93. This link
Core and Main Stock Performance
During Monday's trading hours, the price of the stock fell by $0.18 to $24.52. The company exchanged 948,099 of its shares, as opposed to the average of 913394. The company has a market capitalization of $6.03billion, a PEG of 0.69, and a beta value of 0.80. It also has a P/E ratio of 11.51. The firm has a current rate of 3.05, quick ratios of 1.60 and 0.60 for debt to equity. The stock's 50-day average is $22.65; its 200-day average is $21.76. The last time the company released its quarterly earnings was on April 4th. The company's $0.31 per share earnings for the quarter met the consensus estimate. Core & Main's return on equity was 20.64%, and its net margin was 5.50%. The company's revenue was $1.37 billion, which was lower than analysts' expectations of $1.3 billion. In the same quarter last year, Core & Main earned $0.30 per share. Core & Main saw its revenue increase 10.3% compared with the same period last year. Research analysts expect Core & Main, Inc. to post 1,91 earnings per share in the current year.
Analyst Ratings Changes
CNM has been the subject of several research reports. Royal Bank of Canada raised their price target on Core & Main to $26.00 in a report published on March 29th. They also gave the stock a 'outperform rating'. Truist Financial raised their price target on Core & Main to $24.00 in a report published on Thursday, 30th March. The stock was also given a 'hold rating'. Loop Capital started coverage of Core & Main on Monday, February 13. The stock was given a buy' rating with a price target of $28.00. In a report published on Monday, April 3, Deutsche Bank Aktiengesellschaft raised their price target on Core & Main to $42.00 from $40.00 and gave it a 'buy rating'. In a report published on Tuesday, the Goldman Sachs Group raised their price target on Core & Main to $27.00 from $25.00. The stock was given a 'neutral rating'. Three equity research analysts have given the stock a hold recommendation and six others have recommended that the stock be bought. According to MarketBeat.com data, Core & Main currently has an average rating 'Moderate buy' with an average price of $29.33.
Inflows of Institutional Capital and Outflows
Recently, several hedge funds and institutional investors bought and sold CNM shares. Norges Bank purchased a new Core & Main position worth $108,023,000 in the fourth quarter. Morgan Stanley increased its holdings of Core & Main shares by 423.6% in the fourth quarter. Morgan Stanley owns now 3,526,994 of the company stock valued at $68.106,000. This is after adding 2,853,438 additional shares. Robeco Schweiz AG acquired a new shareholding in Core & Main valued at $51,950,000 during the first quarter. The Manufacturers Life Insurance Company increased its holdings of Core & Main shares by 186.0% in the third quarter. The Manufacturers Life Insurance Company owns 3,102.381 shares worth $70,548,000, after adding 2,017.607 more shares. Vanguard Group Inc. increased its holdings of Core & Main shares by 58.6% in the first quarter. Vanguard Group Inc. owns 4,472,479 of the company’s stock, valued at $108,189,000. It acquired an additional 1,652,035 during the period. Institutional investors own 95.16 % of the company's stock.
Core & Main Company profile
Core & Main, Inc. distributes water, waste water, storm drainage, fire protection, and related products to municipalities, private companies, professional contractors, in the municipal, residential, and non-residential end markets of the United States. The company's products include pipes and valves; hydrants; fittings; geosynthetics; manholes; inline drains; and other related products.
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