Amundi lifted its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,659,261 shares of the company's stock after buying an additional 196,828 shares during the quarter. Amundi owned about 1.84% of Core & Main worth $186,722,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Core & Main during the third quarter valued at approximately $26,000. Avior Wealth Management LLC grew its holdings in Core & Main by 51.3% during the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock valued at $41,000 after purchasing an additional 271 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Core & Main during the third quarter valued at approximately $49,000. UMB Bank n.a. grew its holdings in Core & Main by 246.0% during the fourth quarter. UMB Bank n.a. now owns 962 shares of the company's stock valued at $49,000 after purchasing an additional 684 shares during the period. Finally, Blue Trust Inc. grew its holdings in Core & Main by 187.4% during the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock valued at $65,000 after purchasing an additional 830 shares during the period. Institutional investors and hedge funds own 94.19% of the company's stock.
Insiders Place Their Bets
In other Core & Main news, President Bradford A. Cowles sold 12,500 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.50, for a total transaction of $631,250.00. Following the sale, the president now directly owns 16,010 shares of the company's stock, valued at approximately $808,505. This represents a 43.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.49, for a total transaction of $2,524,500.00. Following the completion of the transaction, the general counsel now owns 7,667 shares in the company, valued at approximately $387,106.83. This represents a 86.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,294 shares of company stock valued at $9,383,685. 3.49% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Loop Capital lifted their price target on shares of Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Citigroup lifted their price target on shares of Core & Main from $43.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target on shares of Core & Main from $60.00 to $66.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Core & Main has a consensus rating of "Moderate Buy" and an average target price of $57.60.
Read Our Latest Stock Report on CNM
Core & Main Stock Down 2.8 %
Shares of CNM stock traded down $1.33 during trading on Thursday, reaching $46.20. The company's stock had a trading volume of 2,181,384 shares, compared to its average volume of 2,286,407. The business has a fifty day moving average price of $52.80 and a 200-day moving average price of $48.56. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a one year low of $37.22 and a one year high of $62.15.
About Core & Main
(
Free Report)
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.
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