Core & Main Inc (NYSE: CNM) is 41.60% higher on its value in year-to-date trading and has touched a low of $21.87 and a high of $60.83 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 $58.62 in the last trading session, with the day’s loss setting it -1.4%.
Currently trading at $57.22, the stock is 3.64% and 16.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.87 million and changing -2.39% at the moment leaves the stock 54.01% off its SMA200. CNM registered 160.09% gain for a year compared to 6-month gain of 88.47%. The firm has a 50-day simple moving average (SMA 50) of $1.95 and a 200-day simple moving average (SMA200) of $14.61.
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The stock witnessed a 15.13% loss in the last 1 month and extending the period to 3 months gives it a 42.52%, and is -0.95% down 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 4.15% over the week and 3.02% over the month.
Core & Main Inc (CNM) has around 5000 employees, a market worth around $10.99B and $6.70B in sales. Current P/E ratio is 26.82 and Fwd P/E is 20.44. Profit margin for the company is 5.54%. Distance from 52-week low is 161.66% and -5.93% from its 52-week high. The company has generated returns on investments over the last 12 months (10.75%).
Core & Main Inc quarterly earnings per share for the current quarter are estimated at $0.52 with sales reaching $1.72B over the same period.The EPS is expected to grow by 13.70% this year, but quarterly earnings will post 12.10% year-over-year.
Core & Main Inc (CNM) Top Institutional Holders
503 institutions hold shares in Core & Main Inc (CNM), with institutional investors hold 87.17% of the company’s shares. The shares outstanding are 192.15M, and float is at 191.88M with Short Float at 5.10%. Institutions hold 87.04% 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 Whittenburg Mark G,the company’sGeneral Counsel and Secretary. SEC filings show that Whittenburg Mark G sold 50,000 shares of the company’s common stock on Mar 22 ’24 at a price of $57.91 per share for a total of $2.9 million. Following the sale, the insider now owns 12933.0 shares.
Core & Main Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Stephens John Weldon (Chief Accounting Officer) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $57.91 per share for $0.87 million. Following the transaction, the insider now directly holds 4281.0 shares of the CNM stock.
Still, SEC filings show that on Mar 07 ’24, Stephens John Weldon (VP, Corp. Controller) disposed off 43,900 shares at an average price of $50.02 for $2.2 million. The insider now directly holds 3,468 shares of Core & Main Inc (CNM).
