Vanguard Group Inc. reduced its stake in Core & Main, Inc. by 0.7%, selling 121,364 shares, but still holds 8.97% of the company, valued at approximately $953 million. Core & Main recently beat EPS estimates and authorized a $500 million share repurchase program, indicating management believes the stock is undervalued. Analysts have a “Moderate Buy” rating with an average price target of $62, and institutional ownership remains high at 94.19%.
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Core & Main, Inc. $CNM Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. reduced its stake in Core & Main, Inc. by 0.7%, selling 121,364 shares, but still holds 8.97% of the company, valued at approximately $953 million. Core & Main recently beat EPS estimates and authorized a $500 million share repurchase program, indicating management believes the stock is undervalued. Analysts have a “Moderate Buy” rating with an average price target of $62, and institutional ownership remains high at 94.19%.