Core & Main Inc (NYSE: CNM) is 34.84% higher on its value in year-to-date trading and has touched a low of $20.62 and a high of $51.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNM stock was last observed hovering at around $50.69 in the last trading session, with the day’s gains setting it 3.8%.
Currently trading at $54.49, the stock is 12.63% and 22.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.27 million and changing 7.50% at the moment leaves the stock 55.23% off its SMA200. CNM registered 161.47% gain for a year compared to 6-month gain of 91.19%. The firm has a 50-day simple moving average (SMA 50) of $1.89 and a 200-day simple moving average (SMA200) of $13.93.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 22.26% loss in the last 1 month and extending the period to 3 months gives it a 38.86%, and is 10.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.44% over the week and 2.43% over the month.
Core & Main Inc (CNM) has around 4500 employees, a market worth around $10.44B and $6.64B in sales. Current P/E ratio is 25.83 and Fwd P/E is 19.69. Profit margin for the company is 5.46%. Distance from 52-week low is 164.26% and 5.42% from its 52-week high. The company has generated returns on investments over the last 12 months (10.85%).
Core & Main Inc quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $1.43B over the same period.The EPS is expected to grow by 12.70% this year, but quarterly earnings will post 1.60% year-over-year. Quarterly sales are estimated to grow 4.20% in year-over-year returns.
Core & Main Inc (CNM) Top Institutional Holders
502 institutions hold shares in Core & Main Inc (CNM), with institutional investors hold 89.34% of the company’s shares. The shares outstanding are 191.66M, and float is at 191.38M with Short Float at 4.41%. Institutions hold 89.20% of the Float.
The top institutional shareholder in the company is Clayton, Dubilier & Rice, LLC with over 121.8 million shares valued at $3.82 billion. The investor’s holdings represent 71.94% of the CNM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.3 million shares valued at $260.22 million to account for 4.90% of the shares outstanding. The other top investors are Janus Henderson Group PLC which holds 5.76 million shares representing 3.40% and valued at over $180.65 million, while Norges Bank Investment Management holds 3.30% of the shares totaling 5.59 million with a market value of $108.02 million.
Core & Main Inc (CNM) Insider Activity
The most recent transaction is an insider sale by Stephens John Weldon,the company’sVP, Corp. Controller. SEC filings show that Stephens John Weldon sold 43,900 shares of the company’s common stock on Mar 07 ’24 at a price of $50.02 per share for a total of $2.2 million. Following the sale, the insider now owns 3468.0 shares.
Core & Main Inc disclosed in a document filed with the SEC on Mar 04 ’24 that Stephens John Weldon (VP, Corp. Controller) sold a total of 1,100 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $50.02 per share for $55020.0. Following the transaction, the insider now directly holds 3468.0 shares of the CNM stock.
Still, SEC filings show that on Feb 22 ’24, Kimbrough Orvin T (Director) disposed off 9,500 shares at an average price of $45.28 for $0.43 million. The insider now directly holds 9,320 shares of Core & Main Inc (CNM).
