The Insider Activity Report For Core & Main Inc. (CNM): Who’s Selling?

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Core & Main Inc. (NYSE:CNM) finished Wednesday with a subtraction of -$0.59 to close at $22.77, a downside of -2.53 percent. An average of 2,342,840 shares of common stock have been traded in the last five days. There was a fall of -$1.97 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,041,545 shares traded, while the 50-day average volume stands at 599,628.

CNM stock has decreased by -6.87% in the last month. The company shares reached their 1-month lowest point of $22.50 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $20.00 and a high of $32.54 in 52 weeks. It has reached a new high 1 time so far this year and lost -24.95% or -$7.57 in price. In spite of this, the price is down -30.02% from the 52-week high.


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Insider Transactions

3 days have passed since Core & Main Inc. (CNM) last reported insider trading activity. CD&R Investment Associates X, who is 10% Owner, most recently acquired $11,000,000 shares at $23.53 per share on Sep 19. In this transaction, the insider spent $258,874,000. General Counsel and Secretary, Whittenburg Mark G, disposed of 19,729 shares at a price of $24.78 on Sep 09. The insider now owns more than $488,893 worth of shares. Prior to that, Chief Human Resources Officer Schneider Laura K went on to Sale 33,333 shares at $25.08 each on Aug 25. An amount of $836,048 was transacted.

Valuation Metrics

Core & Main Inc. (CNM) has a trailing price-to-earnings (P/E) ratio of 17.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.98, the price-to-book (PB) ratio at 3.61.

Financial Health

The quick ratio of Core & Main Inc. for the three months ended July 30 was 1.20, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.03 and a total debt to equity ratio of 1.04 for the quarter ending July 30. Its gross profit as reported stood at $1.28 billion compared to revenue of $5.0 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Core & Main Inc.’s return on assets was 6.60%.

Earnings Surprise

For the three-month period that ended July 30, Core & Main Inc. had $1.59 billion in total debt. The analyst consensus anticipated Core & Main Inc.’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.69, a 46.80% surprise. For the quarter, EBITDA amounted to $274.0 million. Shareholders own equity worth $245.9 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Core & Main Inc. (CNM) price momentum. RSI 9-day as of the close on 21 September was 35.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.59%.

As of today, CNM’s price is $23.65 -7.96% or -$1.97 from its 5-day moving average. CNM is currently trading -5.99% lower than its 20-day SMA and -6.91% lower than its 100-day SMA. However, the stock’s current price level is +5.12% above the SMA50 and -14.20% below the SMA200.

The stochastic %K and %D were 17.21% and 23.68%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 6.49% and the average true range at 0.92, the RSI (14) stands at 40.26%. The stock has reached -0.78 on the 9-day MACD Oscillator while the 14-day reading was at -0.64.

Analyst Ratings

Deutsche Bank launched coverage on Core & Main Inc. (NYSE: CNM) in its analyst report released on August 18, 2022. The firm assigned the stock a Buy rating.

What is CNM’s price target for the next 12 months?

Analysts predict a range of price targets between $26.00 and $51.00, with a median target of $29.50. Taking a look at these predictions, the average price target given by analysts for Core & Main Inc. (CNM) stock is $31.42.

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