CNM - Core & Main 10% Owner Sold $864.40M In Company Stock | Benzinga
On January 11, a recent SEC filing unveiled that CDR Investment Associates X Ltd, 10% Owner at Core & Main (NYSE:CNM) made an insider sell.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Ltd sold 22,675,728 shares of Core & Main. The total transaction value is $864,398,751.
Tracking the Friday's morning session, Core & Main shares are trading at $40.92, showing a down of 0.0%.
About Core & Main
Core & Main Inc is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.
Breaking Down Core & Main's Financial Performance
Revenue Growth: Core & Main's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 0.5%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Profitability Metrics:
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Gross Margin: ...