Core & Main Inc (NYSE: CNM) is 27.44% higher on its value in year-to-date trading and has touched a low of $27.75 and a high of $62.15 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 $50.55 in the last trading session, with the day’s gains setting it 0.95%.
Currently trading at $51.50, the stock is 2.13% and 2.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 1.88% at the moment leaves the stock 7.89% off its SMA200. CNM registered 64.06% gain for a year compared to 6-month gain of 15.37%.
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The stock witnessed a -3.38% loss in the last 1 month and extending the period to 3 months gives it a -15.06%, and is 3.46% 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 2.34% over the week and 3.87% over the month.
Core & Main Inc (CNM) has around 5000 employees, a market worth around $9.94B and $6.87B in sales. Current P/E ratio is 24.17 and Fwd P/E is 19.20. Profit margin for the company is 5.53%. Distance from 52-week low is 85.59% and -17.14% from its 52-week high. The company has generated returns on investments over the last 12 months (9.23%).
The EPS is expected to grow by 8.98% this year
587.0 institutions hold shares in Core & Main Inc (CNM), with institutional investors hold 109.87% of the company’s shares. The shares outstanding are 192.92M, and float is at 191.93M with Short Float at 3.94%. Institutions hold 109.50% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.6 million shares valued at $1.12 billion. The investor’s holdings represent 10.1969 of the CNM Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 18.14 million shares valued at $1.04 billion to account for 9.4379 of the shares outstanding. The other top investors are SELECT EQUITY GROUP, L.P. which holds 15.39 million shares representing 8.0061 and valued at over $880.92 million, while FMR LLC holds 4.2705 of the shares totaling 8.21 million with a market value of $469.88 million.
Core & Main Inc (CNM) Insider Activity
The most recent transaction is an insider sale by Gipson Dennis G, the company’s Director. SEC filings show that Gipson Dennis G sold 25,000 shares of the company’s common stock on Jul 16 ’24 at a price of $53.08 per share for a total of $1.33 million. Following the sale, the insider now owns 0.0 shares.
Core & Main Inc disclosed in a document filed with the SEC on Jul 15 ’24 that Castellano James G (Director) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Jul 15 ’24 and was made at $52.22 per share for $0.65 million. Following the transaction, the insider now directly holds 0.0 shares of the CNM stock.
Still, SEC filings show that on Jul 11 ’24, Castellano James G (Director) disposed off 12,300 shares at an average price of $50.70 for $0.62 million. The insider now directly holds 0 shares of Core & Main Inc (CNM).
