Core & Main, Inc. (NYSE:CNM) Shares Bought by Foster & Motley Inc.

Foster & Motley Inc. raised its holdings in Core & Main, Inc. (NYSE:CNM) by 20.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,554 shares of the company’s stock after buying an additional 4,792 shares during the period. Foster & Motley Inc.’s holdings in Core & Main were worth $1,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Asset Management Inc. raised its stake in Core & Main by 2.6% in the third 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 increased its position in shares of Core & Main by 1,195,600.0% during the third quarter. Quest Partners LLC now owns 11,957 shares of the company’s stock worth $531,000 after purchasing an additional 11,956 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Core & Main during the third quarter worth about $774,000. South Street Advisors LLC increased its position 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 worth $10,396,000 after purchasing an additional 61,962 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position 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 worth $3,120,000 after purchasing an additional 13,263 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on CNM. Truist Financial lifted their target price on Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 target price (up previously from $53.00) on shares of Core & Main in a research report on Wednesday, December 4th. Robert W. Baird boosted their price target on Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their price target on Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Loop Capital boosted their price target on Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.30.

Core & Main Price Performance

Shares of CNM opened at $57.14 on Friday. Core & Main, Inc. has a twelve month low of $37.22 and a twelve month high of $62.15. The stock’s 50 day moving average is $52.35 and its two-hundred day moving average is $48.42. The firm has a market capitalization of $11.35 billion, a PE ratio of 26.82, a P/E/G ratio of 3.16 and a beta of 1.02. 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 quarterly earnings data on Tuesday, December 3rd. The company reported $0.69 earnings per share 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts anticipate that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Buying and Selling at Core & Main

In other news, President Bradford A. Cowles sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $55.07, for a total transaction of $2,753,500.00. Following the sale, the president now owns 18,423 shares of the company’s stock, valued at $1,014,554.61. The trade was a 73.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $109,142.46. Following the sale, the general counsel now directly owns 7,667 shares in the company, valued at $423,908.43. This trade represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,426 shares of company stock valued at $22,923,825. 3.49% of the stock is owned by corporate insiders.

About Core & Main

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.