Core & Main Inc (NYSE: CNM) is 38.04% higher on its value in year-to-date trading and has touched a low of $35.03 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 $48.29 in the last trading session, with the day’s gains setting it 7.49%.
Currently trading at $55.78, the stock is 22.44% and 24.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.74 million and changing 15.51% at the moment leaves the stock 11.43% off its SMA200. CNM registered 54.94% gain for a year compared to 6-month loss of 16.26%. The firm has a 50-day simple moving average (SMA 50) of $44.7382 and a 200-day simple moving average (SMA200) of $50.0017.
The stock witnessed a 28.97% gain in the last 1 month and extending the period to 3 months gives it a 41.57%, and is 17.33% 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 3.30% over the week and 3.58% over the month.
Core & Main Inc (CNM) has around 5000 employees, a market worth around $11.22B and $6.97B in sales. Current P/E ratio is 26.72 and Fwd P/E is 22.59. Profit margin for the company is 5.58%. Distance from 52-week low is 59.23% and -10.25% from its 52-week high. The company has generated returns on investments over the last 12 months (9.28%).
with sales reaching $1.66B over the same period.The EPS is expected to grow by 0.33% this year, but quarterly earnings will post 10.10% year-over-year. Quarterly sales are estimated to grow 15.46% in year-over-year returns.
Core & Main Inc (CNM) Top Institutional Holders
563.0 institutions hold shares in Core & Main Inc (CNM), with institutional investors hold 108.59% of the company’s shares. The shares outstanding are 192.64M, and float is at 191.95M with Short Float at 6.50%. Institutions hold 108.22% 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
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Still, SEC filings show that on Dec 03 ’24, Jeffrey D. Giles (Officer) Proposed Sale 25,000 shares at an average price of $53.99 for $1.35 million. The insider now directly holds shares of Core & Main Inc (CNM).
