19,625 Shares in Core & Main, Inc. (NYSE:CNM) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations bought a new stake in Core & Main, Inc. (NYSE:CNM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,625 shares of the company's stock, valued at approximately $999,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNM. US Bancorp DE increased its stake in shares of Core & Main by 12.3% in the 4th quarter. US Bancorp DE now owns 1,795 shares of the company's stock worth $91,000 after acquiring an additional 197 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Core & Main by 4.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,616 shares of the company's stock worth $286,000 after purchasing an additional 258 shares during the last quarter. Avior Wealth Management LLC raised its stake in Core & Main by 51.3% during the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock worth $41,000 after purchasing an additional 271 shares during the period. CIBC Asset Management Inc boosted its holdings in Core & Main by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 5,871 shares of the company's stock valued at $299,000 after purchasing an additional 287 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Core & Main by 0.6% in the 4th quarter. Arizona State Retirement System now owns 55,910 shares of the company's stock valued at $2,846,000 after buying an additional 360 shares during the period. 94.19% of the stock is currently owned by institutional investors and hedge funds.

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Core & Main Stock Up 1.4 %

Shares of CNM traded up $0.66 during mid-day trading on Tuesday, reaching $48.97. The company's stock had a trading volume of 960,957 shares, compared to its average volume of 1,873,459. The company's 50 day moving average is $51.73 and its 200 day moving average is $49.01. The stock has a market cap of $9.73 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $62.15. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business posted $0.34 EPS. The firm's revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts anticipate that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CNM shares. Citigroup raised their target price on Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. Loop Capital boosted their price objective on shares of Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Core & Main in a research note on Tuesday. They set a "buy" rating and a $60.00 target price for the company. Wells Fargo & Company boosted 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, Royal Bank of Canada lowered their price objective on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.55.

Insider Buying and Selling at Core & Main

In related news, President Bradford A. Cowles sold 12,500 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.50, for a total value of $631,250.00. Following the completion of the sale, the president now directly owns 16,010 shares of the company's stock, valued at $808,505. This represents a 43.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Schaller sold 60,452 shares of Core & Main stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $50.57, for a total value of $3,057,057.64. Following the transaction, the executive vice president now directly owns 17,898 shares in the company, valued at approximately $905,101.86. This trade represents a 77.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,294 shares of company stock worth $9,383,685 over the last 90 days. Corporate insiders own 3.49% of the company's stock.

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.