Core & Main Inc (NYSE: CNM) is -3.01% 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 $48.31 in the last trading session, with the day’s gains setting it 1.07%.
Currently trading at $49.38, the stock is 2.44% and -4.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing 2.21% at the moment leaves the stock 0.85% off its SMA200. CNM registered -13.75% loss for a year compared to 6-month gain of 7.89%. The firm has a 50-day simple moving average (SMA 50) of $51.6312 and a 200-day simple moving average (SMA200) of $48.9641.
The stock witnessed a 0.20% loss in the last 1 month and extending the period to 3 months gives it a -3.23%, and is -0.28% 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 3.94% over the week and 3.60% over the month.
Core & Main Inc (CNM) has around 5700 employees, a market worth around $9.77B and $7.44B in sales. Current P/E ratio is 23.21 and Fwd P/E is 17.98. Profit margin for the company is 5.52%. Distance from 52-week low is 32.67% and -20.55% from its 52-week high. The company has generated returns on investments over the last 12 months (9.99%).
The EPS is expected to grow by 13.98% this year.
Core & Main Inc (CNM) Top Institutional Holders
570.0 institutions hold shares in Core & Main Inc (CNM), with institutional investors hold 108.57% of the company’s shares. The shares outstanding are 189.82M, and float is at 189.75M with Short Float at 8.06%. Institutions hold 108.19% 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 11.4207% 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 Schaller John R, the company’s Executive Vice President. SEC filings show that Schaller John R sold 19,292 shares of the company’s common stock on Mar 11 ’25 at a price of $45.00 per share for a total of $0.87 million. Following the sale, the insider now owns 15474.0 shares.
Core & Main Inc disclosed in a document filed with the SEC on Mar 10 ’25 that Schaller John R (Executive Vice President) sold a total of 21,868 shares of the company’s common stock. The trade occurred on Mar 10 ’25 and was made at $46.82 per share for $1.02 million. Following the transaction, the insider now directly holds 16452.0 shares of the CNM stock.
Still, SEC filings show that on Mar 11 ’25, Schaller John R (Officer) Proposed Sale 19,292 shares at an average price of $45.00 for $0.87 million. The insider now directly holds shares of Core & Main Inc (CNM).
