Core & Main, Inc. (NYSE:CNM) Receives $59.60 Consensus PT from Brokerages

Shares of Core & Main, Inc. (NYSE:CNM) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $60.2727.

Several equities analysts have weighed in on CNM shares. JPMorgan Chase & Co. dropped their price objective on Core & Main from $64.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. The Goldman Sachs Group lowered their target price on shares of Core & Main from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Zacks Research lowered shares of Core & Main from a “hold” rating to a “strong sell” rating in a research report on Monday. UBS Group initiated coverage on shares of Core & Main in a report on Monday. They set a “buy” rating and a $65.00 price target on the stock. Finally, Citigroup decreased their price objective on shares of Core & Main from $62.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, September 10th.

Core & Main Price Performance

Shares of NYSE CNM opened at $52.63 on Thursday. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.11 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.30 and a current ratio of 2.25. Core & Main has a fifty-two week low of $41.60 and a fifty-two week high of $67.18. The firm’s 50-day simple moving average is $59.98 and its 200 day simple moving average is $56.28.

Core & Main (NYSE:CNM) last issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.79 by $0.08. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.12 billion. Core & Main had a return on equity of 25.44% and a net margin of 5.57%.The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. Core & Main has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Core & Main will post 2.16 earnings per share for the current fiscal year.

Insider Activity at Core & Main

In other news, Director James G. Castellano sold 43,994 shares of the firm’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $61.98, for a total transaction of $2,726,748.12. Following the completion of the sale, the director directly owned 4,638 shares of the company’s stock, valued at $287,463.24. This trade represents a 90.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robyn L. Bradbury sold 5,000 shares of Core & Main stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $64.51, for a total value of $322,550.00. Following the sale, the chief financial officer owned 8,555 shares in the company, valued at $551,883.05. The trade was a 36.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 317,928 shares of company stock valued at $19,847,647 in the last ninety days. Insiders own 3.53% of the company’s stock.

Institutional Trading of Core & Main

A number of large investors have recently added to or reduced their stakes in the stock. Enhancing Capital LLC lifted its stake in Core & Main by 0.6% during the first quarter. Enhancing Capital LLC now owns 31,846 shares of the company’s stock worth $1,538,000 after purchasing an additional 196 shares during the last quarter. Bfsg LLC raised its holdings in shares of Core & Main by 56.4% during the 2nd quarter. Bfsg LLC now owns 560 shares of the company’s stock valued at $34,000 after buying an additional 202 shares in the last quarter. CWM LLC lifted its position in Core & Main by 34.0% in the 1st quarter. CWM LLC now owns 839 shares of the company’s stock worth $41,000 after buying an additional 213 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Core & Main by 3.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,106 shares of the company’s stock worth $343,000 after buying an additional 229 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Core & Main by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 269 shares during the last quarter. Hedge funds and other institutional investors 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.