Core & Main, Inc. (NYSE:CNM) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in Core & Main, Inc. (NYSE:CNM) 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.

Core & Main (NYSE:CNM) last issued its earnings results on Wednesday, September 4th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). Core & Main had a net margin of 5.58% and a return on equity of 21.91%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Core & Main’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Core & Main, Inc. will post 2.1 earnings per share for the current fiscal year.

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.

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.