Core & Main Inc (NYSE: CNM) is -3.98% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNM stock was last observed hovering at around $38.12 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $38.80, the stock is -18.20% and -21.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing 1.78% at the moment leaves the stock -20.30% off its SMA200. CNM registered 28.35% gain for a year compared to 6-month loss of -21.38%.
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The stock witnessed a -20.80% gain in the last 1 month and extending the period to 3 months gives it a -17.78%, and is -1.52% 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 3.96% over the week and 3.41% over the month.
Core & Main Inc (CNM) has around 5000 employees, a market worth around $7.47B and $6.97B in sales. Current P/E ratio is 18.59 and Fwd P/E is 16.00. Profit margin for the company is 5.58%. Distance from 52-week low is 39.82% and -37.57% from its 52-week high. The company has generated returns on investments over the last 12 months (9.28%).
The EPS is expected to shrink by -0.96% this year
593.0 institutions hold shares in Core & Main Inc (CNM), with institutional investors hold 110.05% of the company’s shares. The shares outstanding are 192.65M, and float is at 191.95M with Short Float at 4.66%. Institutions hold 109.68% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 22.02 million shares valued at $1.08 billion. The investor’s holdings represent 11.4566 of the CNM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 18.1 million shares valued at $885.58 million to account for 9.4151 of the shares outstanding. The other top investors are SELECT EQUITY GROUP, L.P. which holds 15.43 million shares representing 8.0267 and valued at over $754.99 million, while PICTET ASSET MANAGEMENT HOLDING SA holds 4.1401 of the shares totaling 7.96 million with a market value of $389.42 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).
