Core & Main, Inc. (NYSE:CNM) Receives Consensus Rating of “Moderate Buy” from Analysts

Core & Main, Inc. (NYSE:CNM) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $57.60.

A number of brokerages have weighed in on CNM. The Goldman Sachs Group increased their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Loop Capital boosted their price objective on Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Truist Financial raised their target price on Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price objective (up previously from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th.

Core & Main Stock Up 0.4 %

Shares of CNM stock opened at $47.89 on Friday. Core & Main has a 12 month low of $37.22 and a 12 month high of $62.15. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The firm has a market cap of $9.51 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. The stock has a 50 day moving average of $53.03 and a 200-day moving average of $48.67.

Insider Buying and Selling at Core & Main

In other news, General Counsel Mark G. Whittenburg sold 1,974 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $55.29, for a total value of $109,142.46. Following the completion of the sale, the general counsel now directly owns 7,667 shares in the company, valued at approximately $423,908.43. This trade represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Bradford A. Cowles sold 25,000 shares of Core & Main stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the transaction, the president now directly owns 16,010 shares of the company’s stock, valued at $872,224.80. This represents a 60.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,426 shares of company stock worth $8,359,825 over the last ninety days. Corporate insiders own 3.49% of the company’s stock.

Institutional Investors Weigh In On Core & Main

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNM. Ashton Thomas Securities LLC bought a new stake in shares of Core & Main during the third quarter valued at approximately $26,000. Avior Wealth Management LLC boosted its position in Core & Main by 51.3% in the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock valued at $41,000 after buying an additional 271 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Core & Main during the third quarter worth $49,000. UMB Bank n.a. raised its position in shares of Core & Main by 246.0% during the fourth quarter. UMB Bank n.a. now owns 962 shares of the company’s stock worth $49,000 after acquiring an additional 684 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Core & Main by 30.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company’s stock valued at $61,000 after acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 94.19% of the company’s stock.

Core & Main Company Profile

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.