16,933 Shares in Core & Main, Inc. (NYSE:CNM) Bought by Algebris UK Ltd

Algebris UK Ltd acquired a new stake in Core & Main, Inc. (NYSE:CNM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,933 shares of the company's stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Core & Main by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,666,765 shares of the company's stock worth $84,855,000 after purchasing an additional 122,240 shares during the period. Eagle Asset Management Inc. raised 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 worth $74,979,000 after purchasing an additional 44,282 shares during the period. Quest Partners LLC raised its position in shares of Core & Main by 1,195,600.0% during the 3rd quarter. Quest Partners LLC now owns 11,957 shares of the company's stock worth $531,000 after purchasing an additional 11,956 shares during the period. Impax Asset Management Group plc raised its position in shares of Core & Main by 70.4% during the 4th quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company's stock worth $174,661,000 after purchasing an additional 1,416,907 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Core & Main during the 3rd quarter worth approximately $774,000. 94.19% of the stock is owned by institutional investors.

Core & Main Price Performance

Shares of CNM traded down $0.33 during trading hours on Friday, hitting $48.19. 4,969,367 shares of the company were exchanged, compared to its average volume of 2,222,401. The company has a market capitalization of $9.57 billion, a PE ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The firm has a fifty day simple moving average of $52.32 and a 200-day simple moving average of $48.56. Core & Main, Inc. has a one year low of $37.22 and a one year high of $62.15.

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Insider Transactions at Core & Main

In other news, General Counsel Mark G. Whittenburg sold 1,974 shares of the stock in a transaction 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 completion of the sale, the general counsel now owns 7,667 shares in the company, valued at $423,908.43. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Schaller sold 60,452 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.57, for a total value of $3,057,057.64. Following the completion of the sale, the executive vice president now owns 17,898 shares of the company's stock, valued at $905,101.86. The trade was a 77.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,294 shares of company stock valued at $9,383,685 in the last three months. 3.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird raised their target price on Core & Main from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Loop Capital raised their target price on Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on Core & Main from $50.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their target price on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $57.60.

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.