Stocks of Core & Main Inc (NYSE:CNM) traded higher last session on Wall Street, up 0.87% to $29.01.
CNM stock price is now -6.07% away from the 50-day moving average and 11.43% away from the 200-day moving average. The market capitalization of the company currently stands at $4.91B.
With the price target of $40, Northcoast recently initiated with Buy rating for Core & Main Inc (NYSE: CNM).
In other news, Witkowski Mark R, Chief Financial Officer sold 40,000 shares of the company’s stock on Sep 25. The stock was sold for $1,137,740 at an average price of $28.44. Upon completion of the transaction, the Chief Financial Officer now directly owns 19,221 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 25, Director Castellano James G sold 12,500 shares of the business’s stock. A total of $354,411 was realized by selling the stock at an average price of $28.35. Insiders disposed of 32,137,024 shares of company stock worth roughly $932.3 million over the past 1 year. A total of 37.36% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CNM stock. A new stake in Core & Main Inc shares was purchased by SAMLYN CAPITAL, LLC during the first quarter worth $112,544,000. TWO SIGMA ADVISERS, LP invested $26,913,000 in shares of CNM during the first quarter. In the first quarter, PEMBROKE MANAGEMENT, LTD acquired a new stake in Core & Main Inc valued at approximately $18,605,000. D. E. SHAW & CO., INC. acquired a new stake in CNM for approximately $14,448,000. HILL CITY CAPITAL, LP purchased a new stake in CNM valued at around $8,703,000 in the second quarter. In total, there are 271 active investors with 61.06% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $28.75 for Core & Main Inc (NYSE: CNM). During the past 12 months, Core & Main Inc has had a low of $18.75 and a high of $33.32. As of last week, the company has a debt-to-equity ratio of 1.03, a current ratio of 2.59, and a quick ratio of 1.53. According to the stock market information, the enterprise value for the company is $6.75B, which is based on a 13.75 price-to-earnings ratio, a 0.47 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for CNM is $30.88 and a two-hundred day moving average price translates $26.03 for the stock.
The latest earnings results from Core & Main Inc (NYSE: CNM) was released for Jul, 2023. The net profit margin was 5.45% and return on equity was 22.25% for CNM. The company reported revenue of $1.86 billion for the quarter, compared to $1.86 billion a year earlier.
Core & Main Inc(CNM) 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 accessories, installation, software, and other services. The company’s specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in St. Louis, Missouri.
