1 week Ago By ABMN Staff
Core & Main ( NYSE:CNM – Free Report ) had its price objective cut by The Goldman Sachs Group from $57.00 to $50.00 in a report released on Friday morning, Benzinga reports.
They currently have a neutral rating on the stock. CNM has been the topic of several other reports. Loop Capital decreased their price objective on shares of Core & Main from $64.
00 to $52.00 and set a buy rating on the stock in a research report on Thursday. JPMorgan Chase & Co.
reduced their target price on shares of Core & Main from $54.00 to $52.00 and set an overweight rating on the stock in a report on Tuesday, September 3rd.
Truist Financial reduced their target price on shares of Core & Main from $50.00 to $38.00 and set a hold rating on the stock in a report on Thursday.
Bank of America reduced their target price on shares of Core & Main from $38.00 to $34.00 and set an underperform rating on the stock in a report on Thursday.
Finally, Robert W. Baird reduced their target price on shares of Core & Main from $62.00 to $53.
00 and set an outperform rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Core & Main presently has an average rating of Moderate Buy and an average price target of $49.
30. Get Our Latest Report on CNM Core & Main Price Performance Core & Main ( NYSE:CNM – Get Free Report ) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.
61 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.13).
Core & Main had a return on equity of 20.01% and a net margin of 5.53%.
The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.05 billion.
During the same quarter in the prior year, the firm earned $0.66 earnings per share. Core & Main’s quarterly revenue was up 5.
5% on a year-over-year basis. On average, equities research analysts predict that Core & Main will post 2.32 EPS for the current fiscal year.
Insider Activity In other news, Director James G. Castellano sold 12,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $52.
22, for a total transaction of $652,750.00. Following the completion of the transaction, the director now owns 11,769 shares of the company’s stock, valued at approximately $614,577.
18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Corporate insiders own 3.
49% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in Core & Main during the 1st quarter worth approximately $27,000.
Quadrant Capital Group LLC increased its position in Core & Main by 74.5% during the 4th quarter. Quadrant Capital Group LLC now owns 855 shares of the company’s stock worth $35,000 after purchasing an additional 365 shares in the last quarter.
ORG Partners LLC acquired a new stake in Core & Main during the 1st quarter worth approximately $38,000. Principal Securities Inc. acquired a new stake in Core & Main during the 4th quarter worth approximately $43,000.
Finally, Brown Brothers Harriman & Co. acquired a new stake in Core & Main during the 2nd quarter worth approximately $76,000. Institutional investors and hedge funds own 94.
19% of the company’s stock. Core & Main Company Profile ( Get Free Report ) Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.
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