Core & Main, Inc. (NYSE:CNM) Shares Bought by Versor Investments LP

Versor Investments LP boosted its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 136.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,810 shares of the company's stock after purchasing an additional 14,910 shares during the quarter. Versor Investments LP's holdings in Core & Main were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CNM. Ashton Thomas Securities LLC acquired a new position in Core & Main during the third quarter valued at approximately $26,000. Meritage Portfolio Management grew its holdings in shares of Core & Main by 11.5% during the third quarter. Meritage Portfolio Management now owns 12,579 shares of the company's stock worth $559,000 after buying an additional 1,296 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Core & Main by 6.7% during the 3rd quarter. Fiera Capital Corp now owns 173,076 shares of the company's stock worth $7,685,000 after buying an additional 10,826 shares during the last quarter. Foster & Motley Inc. grew its position in shares of Core & Main by 146.5% in the 3rd quarter. Foster & Motley Inc. now owns 23,762 shares of the company's stock valued at $1,055,000 after acquiring an additional 14,124 shares during the period. Finally, Impax Asset Management Group plc lifted its holdings in Core & Main by 373.0% during the 3rd quarter. Impax Asset Management Group plc now owns 2,013,880 shares of the company's stock valued at $89,416,000 after purchasing an additional 1,588,117 shares during the last quarter. Institutional investors own 94.19% of the company's stock.

Analysts Set New Price Targets

CNM has been the subject of a number of recent analyst reports. Bank of America cut their price target on shares of Core & Main from $38.00 to $34.00 and set an "underperform" rating for the company in a report on Thursday, September 5th. Royal Bank of Canada dropped their price objective on Core & Main from $60.00 to $53.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th. Truist Financial cut their price objective on shares of Core & Main from $50.00 to $38.00 and set a "hold" rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. dropped their price target on Core & Main from $54.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 3rd. Finally, Barclays decreased their price objective on Core & Main from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.20.

Core & Main Trading Down 1.1 %

Shares of CNM traded down $0.48 during mid-day trading on Tuesday, reaching $42.25. 2,611,299 shares of the company's stock traded hands, compared to its average volume of 2,551,927. The stock's 50-day moving average is $43.59 and its two-hundred day moving average is $49.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.29 and a quick ratio of 1.34. Core & Main, Inc. has a 12 month low of $31.21 and a 12 month high of $62.15. The stock has a market cap of $8.50 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.84 and a beta of 1.02.

Core & Main (NYSE:CNM - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.13). Core & Main had a return on equity of 21.91% and a net margin of 5.58%. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter last year, the business earned $0.66 EPS. The business's revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Core & Main, Inc. will post 2.1 earnings per share for the current fiscal year.

About Core & Main

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.