Core & Main Inc (NYSE: CNM) is -6.31% lower 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 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 $47.53 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $47.70, the stock is -8.06% and -9.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing 0.36% at the moment leaves the stock -3.73% off its SMA200. CNM registered -3.07% loss for a year compared to 6-month gain of 1.92%.
The stock witnessed a -12.70% loss in the last 1 month and extending the period to 3 months gives it a -1.22%, and is -6.54% 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 3.71% over the week and 2.73% over the month.
Core & Main Inc (CNM) has around 5000 employees, a market worth around $9.48B and $7.18B in sales. Current P/E ratio is 22.46 and Fwd P/E is 19.27. Profit margin for the company is 5.71%. Distance from 52-week low is 28.16% and -23.25% 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
The shares outstanding are 190.19M, and float is at 189.66M with Short Float at 6.76%.
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 8.0015 and valued at over $754.99 million, while PICTET ASSET MANAGEMENT HOLDING SA holds 4.1271 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 Cowles Bradford A, the company’s President. SEC filings show that Cowles Bradford A sold 25,000 shares of the company’s common stock on Feb 10 ’25 at a price of $54.48 per share for a total of $1.36 million. Following the sale, the insider now owns 16010.0 shares.
Core & Main Inc disclosed in a document filed with the SEC on Jan 16 ’25 that Whittenburg Mark G (General Counsel and Secretary) sold a total of 48,026 shares of the company’s common stock. The trade occurred on Jan 16 ’25 and was made at $55.13 per share for $2.65 million. Following the transaction, the insider now directly holds 7667.0 shares of the CNM stock.
Still, SEC filings show that on Jan 15 ’25, Whittenburg Mark G (General Counsel and Secretary) disposed off 1,974 shares at an average price of $55.29 for $0.11 million. The insider now directly holds 7,667 shares of Core & Main Inc (CNM).
