MetLife Investment Management LLC increased its stake in Core & Main, Inc. (NYSE:CNM – Free Report) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,427 shares of the company’s stock after purchasing an additional 10,413 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of Core & Main worth $4,681,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in shares of Core & Main by 6.2% in the 2nd quarter. Rhumbline Advisers now owns 508,554 shares of the company’s stock worth $24,889,000 after acquiring an additional 29,490 shares during the period. Comerica Bank boosted its stake in Core & Main by 30.9% during the 1st quarter. Comerica Bank now owns 67,754 shares of the company’s stock valued at $3,879,000 after purchasing an additional 16,009 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Core & Main by 2.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,720,496 shares of the company’s stock valued at $74,979,000 after purchasing an additional 44,282 shares during the period. SG Americas Securities LLC raised its stake in shares of Core & Main by 542.1% in the 2nd quarter. SG Americas Securities LLC now owns 39,415 shares of the company’s stock worth $1,929,000 after buying an additional 33,277 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Core & Main by 1,195,600.0% in the third quarter. Quest Partners LLC now owns 11,957 shares of the company’s stock valued at $531,000 after buying an additional 11,956 shares during the period. Institutional investors own 94.19% of the company’s stock.
Core & Main Stock Up 3.1 %
NYSE:CNM opened at $48.55 on Monday. The business’s fifty day moving average price is $44.72 and its 200 day moving average price is $48.27. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 3.16 and a beta of 1.02. The company has a current ratio of 2.29, a quick ratio of 1.34 and a debt-to-equity ratio of 1.40. Core & Main, Inc. has a 1-year low of $34.32 and a 1-year high of $62.15.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on CNM shares. Truist Financial dropped their price target on shares of Core & Main from $50.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Loop Capital cut their target price on shares of Core & Main from $64.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Robert W. Baird lifted their price target on shares of Core & Main from $53.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company began coverage on Core & Main in a research report on Monday, September 23rd. They set an “overweight” rating and a $52.00 price objective for the company. Finally, Barclays decreased their target price on Core & Main from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.20.
Get Our Latest Analysis on Core & Main
About Core & Main
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 portfolio 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, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.
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