Several other equities research analysts have also issued reports on CNM. Royal Bank of Canada decreased their price target on shares of Core & Main from $31.00 to $28.00 in a report on Wednesday. Truist Financial cut their target price on shares of Core & Main from $28.00 to $25.00 and set a hold rating on the stock in a research report on Thursday. Credit Suisse Group cut their target price on shares of Core & Main from $35.00 to $32.00 and set an outperform rating on the stock in a research report on Wednesday. Robert W. Baird lifted their target price on shares of Core & Main from $28.00 to $29.00 and gave the stock an outperform rating in a research report on Wednesday. Finally, The Goldman Sachs Group cut their target price on shares of Core & Main from $31.00 to $27.00 and set a neutral rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $28.83.
Shares of Core & Main stock opened at $20.77 on Friday. The firm has a market capitalization of $5.11 billion and a PE ratio of 20.17. The company has a current ratio of 2.07, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average is $23.37 and its 200 day moving average is $24.21. Core & Main has a 1 year low of $20.00 and a 1 year high of $32.54.
In related news, VP Jeffrey D. Giles sold 30,000 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $25.04, for a total transaction of $751,200.00. Following the transaction, the vice president now owns 4,146 shares in the company, valued at approximately $103,815.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeffrey D. Giles sold 2,600 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $22.12, for a total transaction of $57,512.00. Following the transaction, the vice president now owns 4,146 shares in the company, valued at approximately $91,709.52. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new stake in Core & Main during the 3rd quarter valued at $11,352,000. Swiss National Bank bought a new stake in Core & Main during the 4th quarter valued at $3,207,000. Shell Asset Management Co. bought a new stake in Core & Main during the 4th quarter valued at $228,000. Janus Henderson Group PLC bought a new stake in Core & Main during the 3rd quarter valued at $140,826,000. Finally, Advisor Group Holdings Inc. increased its stake in Core & Main by 2.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 26,083 shares of the company’s stock valued at $790,000 after purchasing an additional 689 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.
About Core & Main (Get Rating)
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 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, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services.
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