American Century Companies Inc. Has $70.51 Million Stake in Core & Main, Inc. (NYSE:CNM)

American Century Companies Inc. grew its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,384,886 shares of the company's stock after purchasing an additional 81,706 shares during the period. American Century Companies Inc. owned approximately 0.70% of Core & Main worth $70,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $84,855,000 after buying an additional 122,240 shares during the period. Impax Asset Management Group plc increased its stake in shares of Core & Main by 70.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company's stock valued at $174,661,000 after acquiring an additional 1,416,907 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Core & Main during the third quarter worth approximately $774,000. Asset Management One Co. Ltd. lifted its position in Core & Main by 13.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 65,284 shares of the company's stock worth $3,331,000 after purchasing an additional 7,565 shares during the period. Finally, Truist Financial Corp boosted its stake in Core & Main by 3.2% during the 4th quarter. Truist Financial Corp now owns 581,845 shares of the company's stock valued at $29,622,000 after purchasing an additional 17,899 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Core & Main

In related news, EVP John R. Schaller sold 21,868 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the sale, the executive vice president now owns 16,452 shares of the company's stock, valued at approximately $770,282.64. The trade was a 57.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Mark G. Whittenburg sold 1,974 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total transaction of $109,142.46. Following the transaction, the general counsel now directly owns 7,667 shares in the company, valued at approximately $423,908.43. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock worth $9,383,685 over the last 90 days. 3.49% of the stock is currently owned by corporate insiders.

Core & Main Stock Down 3.1 %

Shares of NYSE CNM traded down $1.57 during mid-day trading on Friday, reaching $48.36. The company had a trading volume of 478,940 shares, compared to its average volume of 2,266,334. The stock has a fifty day moving average of $52.00 and a two-hundred day moving average of $48.74. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $62.15. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.61 and a beta of 1.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14.

Core & Main (NYSE:CNM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The company's revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts expect that Core & Main, Inc. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. The Goldman Sachs Group raised their target price on shares of Core & Main from $50.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Barclays lifted their price target on shares of Core & Main from $57.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Royal Bank of Canada cut their price objective on Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Truist Financial lifted their target price on Core & Main from $38.00 to $56.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.30.

Core & Main Company 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.