From MarketBeat:

Cd&R Investment Associates X, a major shareholder of Core & Main, Inc. (NYSE:CNM), sold millions of shares of Core & Main stock in transactions in November and December. The shares were sold at varying prices, with the most recent sale occurring at an average of $38.12, for a total of over $864 million. The transaction was disclosed with the SEC as required for large shareholders.

Core & Main stock has been slowly increasing, reaching $40.91 on Thursday and trading over 3 million shares. The company has a market capitalization of $8.85 billion and a price-to-earnings ratio of 19.30. The firm recently announced quarterly earnings data, with $0.65 EPS for the quarter, slightly missing expectations.

Several analysts have released reports on Core & Main, with price targets ranging up to $49.00 based on data from MarketBeat. The company has received an average target price of $40.73 and a consensus rating of “Moderate Buy.”

Institutional investors have also made significant changes to their positions in Core & Main stock, with ownership now primarily by these entities at 94.19%.

Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and services to various markets in the US. Their recent sales of stock and potential growth opportunities have garnered significant attention from investors and analysts alike.



Read more: Core & Main, Inc. (NYSE:CNM) Major Shareholder Sells $864,398,751.36 in Stock