Core & Main (NYSE:CNM) Director James Hope Buys 1,972 Shares

Core & Main, Inc. (NYSE:CNM) Director James Hope acquired 1,972 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average price of $50.70 per share, for a total transaction of $99,980.40. Following the completion of the transaction, the director owned 6,939 shares in the company, valued at approximately $351,807.30. The trade was a 39.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Core & Main Stock Down 0.2%

Shares of NYSE:CNM opened at $51.31 on Friday. The stock has a fifty day simple moving average of $52.60 and a two-hundred day simple moving average of $52.48. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.86 and a beta of 1.00. Core & Main, Inc. has a 12-month low of $43.96 and a 12-month high of $67.18. The company has a current ratio of 2.63, a quick ratio of 1.51 and a debt-to-equity ratio of 1.02.

Institutional Trading of Core & Main

Several large investors have recently modified their holdings of CNM. Cubist Systematic Strategies LLC grew its holdings in Core & Main by 262.0% during the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after purchasing an additional 524 shares during the period. AQR Capital Management LLC bought a new stake in Core & Main during the first quarter valued at about $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Core & Main by 36.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company’s stock valued at $1,719,000 after purchasing an additional 9,534 shares during the period. Goldman Sachs Group Inc. grew its holdings in Core & Main by 23.1% during the first quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock valued at $14,106,000 after purchasing an additional 54,854 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Core & Main by 54.2% during the second quarter. Russell Investments Group Ltd. now owns 31,398 shares of the company’s stock valued at $1,895,000 after purchasing an additional 11,036 shares during the period. Institutional investors own 94.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNM shares. Deutsche Bank Aktiengesellschaft decreased their price target on Core & Main from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Wells Fargo & Company boosted their price target on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Zacks Research cut Core & Main from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $63.00 price target on shares of Core & Main in a research note on Friday, January 9th. Finally, Citigroup boosted their price target on Core & Main from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.64.

Core & Main Company Profile

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.