Core & Main, Inc. (NYSE:CNM) Stock Holdings Increased by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in Core & Main, Inc. (NYSE:CNM) by 187.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,273 shares of the company’s stock after purchasing an additional 830 shares during the quarter. Blue Trust Inc.’s holdings in Core & Main were worth $65,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Eagle Asset Management Inc. grew its position in Core & Main by 2.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,720,496 shares of the company’s stock valued at $74,979,000 after buying an additional 44,282 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Core & Main by 1,195,600.0% in the 3rd quarter. Quest Partners LLC now owns 11,957 shares of the company’s stock worth $531,000 after acquiring an additional 11,956 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Core & Main in the third quarter valued at approximately $774,000. South Street Advisors LLC increased its stake in shares of Core & Main by 36.0% during the third quarter. South Street Advisors LLC now owns 234,144 shares of the company’s stock valued at $10,396,000 after acquiring an additional 61,962 shares during the period. Finally, Douglass Winthrop Advisors LLC increased its stake in shares of Core & Main by 23.3% during the third quarter. Douglass Winthrop Advisors LLC now owns 70,272 shares of the company’s stock valued at $3,120,000 after acquiring an additional 13,263 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Core & Main

In other Core & Main news, General Counsel Mark G. Whittenburg sold 1,974 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $55.29, for a total transaction of $109,142.46. Following the transaction, the general counsel now owns 7,667 shares of the company’s stock, valued at $423,908.43. The trade was a 20.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Bradford A. Cowles sold 25,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the sale, the president now directly owns 16,010 shares of the company’s stock, valued at approximately $872,224.80. The trade was a 60.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 452,426 shares of company stock valued at $24,285,825 over the last 90 days. 3.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CNM shares. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price (up from $53.00) on shares of Core & Main in a research report on Wednesday, December 4th. Loop Capital upped their price objective on Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird lifted their target price on Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Truist Financial upped their price target on shares of Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Citigroup lifted their price objective on shares of Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.60.

Core & Main Trading Down 2.1 %

CNM opened at $49.90 on Tuesday. The stock has a market capitalization of $9.91 billion, a P/E ratio of 23.42, a P/E/G ratio of 2.61 and a beta of 1.03. The firm’s fifty day simple moving average is $53.38 and its 200 day simple moving average is $48.73. Core & Main, Inc. has a 12 month low of $37.22 and a 12 month high of $62.15. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

Core & Main (NYSE:CNM) last announced its earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm earned $0.65 EPS. Core & Main’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts anticipate that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Core & Main Profile

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.