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Core & Main, Inc. (NYSE:CNM - Get Rating) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 4,380,000 shares, an increase of 7.6% from the July 31st total of 4,070,000 shares. Based on an average daily trading volume, of 449,300 shares, the short-interest ratio is presently 9.7 days. Currently, 7.2% of the company's stock are short sold. Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CNM shares. Royal Bank of Canada dropped their target price on shares of Core & Main from $31.00 to $28.00 in a research report on Wednesday, June 15th. The Goldman Sachs Group reduced their target price on shares of Core & Main from $31.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, June 15th. Barclays decreased their target price on Core & Main from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, July 14th. Credit Suisse Group set a $29.00 price objective on Core & Main in a research report on Tuesday, July 19th. Finally, Truist Financial cut their target price on Core & Main from $28.00 to $25.00 and set a "hold" rating for the company in a research note on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $28.80.Core & Main Stock Down 1.4 %

Shares of NYSE CNM opened at $23.57 on Thursday. Core & Main has a 52-week low of $20.00 and a 52-week high of $32.54. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.07 and a current ratio of 2.07. The business has a fifty day moving average of $23.14 and a two-hundred day moving average of $23.07. The stock has a market cap of $5.80 billion and a PE ratio of 22.88.

Core & Main (NYSE:CNM - Get Rating) last released its quarterly earnings results on Tuesday, June 14th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.35. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.44 billion. Core & Main had a net margin of 4.05% and a return on equity of 19.33%. As a group, equities research analysts expect that Core & Main will post 1.62 earnings per share for the current fiscal year. Insider Buying and Selling at Core & Main

In related news, insider Laura K. Schneider sold 33,333 shares of the firm's stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $25.08, for a total value of $835,991.64. Following the transaction, the insider now directly owns 4,866 shares of the company's stock, valued at approximately $122,039.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Stephen O. Leclair sold 25,270 shares of the business's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $24.61, for a total transaction of $621,894.70. Following the completion of the transaction, the chief executive officer now owns 35,742 shares of the company's stock, valued at approximately $879,610.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura K. Schneider sold 33,333 shares of Core & Main stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $25.08, for a total value of $835,991.64. Following the completion of the transaction, the insider now directly owns 4,866 shares in the company, valued at $122,039.28. The disclosure for this sale can be found here. Insiders have sold a total of 84,808 shares of company stock worth $2,103,773 over the last three months. Corporate insiders own 1.20% of the company's stock. Institutional Investors Weigh In On Core & Main

A number of large investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. increased its stake in shares of Core & Main by 2.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 26,083 shares of the company's stock valued at $790,000 after buying an additional 689 shares in the last quarter. Northern Trust Corp lifted its position in shares of Core & Main by 14.4% during the fourth quarter. Northern Trust Corp now owns 146,647 shares of the company's stock worth $4,449,000 after purchasing an additional 18,505 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Core & Main during the fourth quarter worth approximately $315,000. Swiss National Bank bought a new stake in shares of Core & Main during the fourth quarter valued at approximately $3,207,000. Finally, Raymond James & Associates increased its holdings in shares of Core & Main by 4.8% in the fourth quarter. Raymond James & Associates now owns 457,601 shares of the company's stock valued at $13,884,000 after purchasing an additional 20,760 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors. Core & Main Company Profile (Get Rating)

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 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, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services.Featured StoriesGet a free copy of the StockNews.com research report on Core & Main (CNM)How will the chip ban affect Nvidia's stock?Is Best Buy A Sneaky Buy for Q4?Does The Bed Bath and Beyond Stock Rally Still Have Legs?Can Alibaba And Baidu Finally Rally With Delisting Fears Gone? 3 Materials Stocks That May Earn a Place on Your Watchlist

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