Core & Main Inc (NYSE: CNM) is 10.86% higher on its value in year-to-date trading and has touched a low of $37.22 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 $57.03 in the last trading session, with the day’s loss setting it -0.59%.
Currently trading at $56.44, the stock is 3.80% and 8.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -1.03% at the moment leaves the stock 12.50% off its SMA200. CNM registered 33.65% gain for a year compared to 6-month loss of 5.55%. The firm has a 50-day simple moving average (SMA 50) of $51.921 and a 200-day simple moving average (SMA200) of $50.16935.
The stock witnessed a 11.17% gain in the last 1 month and extending the period to 3 months gives it a 25.23%, and is 0.00% 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 2.04% over the week and 2.44% over the month.
Core & Main Inc (CNM) has around 5000 employees, a market worth around $11.21B and $7.18B in sales. Current P/E ratio is 26.58 and Fwd P/E is 22.80. Profit margin for the company is 5.71%. Distance from 52-week low is 51.64% and -9.19% from its 52-week high. The company has generated returns on investments over the last 12 months (9.73%).
The EPS is expected to grow by 1.44% this year.
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 190.19M, and float is at 189.66M with Short Float at 6.99%. 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
The most recent transaction is an insider sale by Whittenburg Mark G, the company’s General Counsel and Secretary. SEC filings show that Whittenburg Mark G sold 48,026 shares of the company’s common stock on Jan 16 ’25 at a price of $55.13 per share for a total of $2.65 million. Following the sale, the insider now owns 7667.0 shares.
Core & Main Inc disclosed in a document filed with the SEC on Jan 15 ’25 that Whittenburg Mark G (General Counsel and Secretary) sold a total of 1,974 shares of the company’s common stock. The trade occurred on Jan 15 ’25 and was made at $55.29 per share for $0.11 million. Following the transaction, the insider now directly holds 7667.0 shares of the CNM stock.
Still, SEC filings show that on Jan 10 ’25, Whittenburg Mark G (General Counsel and Secretary) disposed off 50,000 shares at an average price of $50.49 for $2.52 million. The insider now directly holds 7,667 shares of Core & Main Inc (CNM).
