Core & Main, Inc. (NYSE:CNM) Stake Lifted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,657 shares of the company's stock after buying an additional 17,432 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Core & Main worth $6,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNM. US Bancorp DE grew its position in shares of Core & Main by 12.3% during the fourth 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 raised its position in Core & Main by 4.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,616 shares of the company's stock valued at $286,000 after purchasing an additional 258 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Core & Main by 51.3% during the 4th 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 grew its position in Core & Main by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 5,871 shares of the company's stock worth $299,000 after purchasing an additional 287 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Core & Main by 0.6% during the 4th quarter. Arizona State Retirement System now owns 55,910 shares of the company's stock worth $2,846,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 94.19% of the company's stock.

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Core & Main Price Performance

NYSE:CNM traded up $0.46 during trading hours on Thursday, reaching $49.96. 3,674,403 shares of the company traded hands, compared to its average volume of 2,245,699. 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's 50-day moving average is $52.10 and its 200-day moving average is $48.73. The stock has a market cap of $9.92 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $62.15.

Core & Main (NYSE:CNM - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.67 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm's revenue was up 17.9% on a year-over-year basis. Equities research analysts expect that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CNM. Robert W. Baird decreased their target price on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday. Barclays increased their price objective on Core & Main from $57.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. The Goldman Sachs Group increased their price target 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. Loop Capital boosted their target price on shares of Core & Main from $52.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company increased 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. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.30.

Insider Transactions at Core & Main

In other Core & Main news, President Bradford A. Cowles sold 12,500 shares of the business's stock in a transaction on 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 transaction, the president now directly owns 16,010 shares in the company, valued at approximately $808,505. The trade was a 43.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Schaller sold 21,868 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the transaction, the executive vice president now owns 16,452 shares of the company's stock, valued at $770,282.64. The trade was a 57.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,294 shares of company stock worth $9,383,685 over the last ninety days. 3.49% of the stock is currently owned by corporate insiders.

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.