Core & Main, Inc. (NYSE:CNM) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC lessened its stake in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 135,737 shares of the company's stock after selling 11,670 shares during the period. Polen Capital Management LLC owned 0.07% of Core & Main worth $6,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Corient Private Wealth LLC raised its holdings in shares of Core & Main by 9.2% during the 4th quarter. Corient Private Wealth LLC now owns 7,117 shares of the company's stock worth $362,000 after acquiring an additional 599 shares during the period. Gitterman Wealth Management LLC raised its holdings in shares of Core & Main by 16.0% during the 4th quarter. Gitterman Wealth Management LLC now owns 12,097 shares of the company's stock worth $616,000 after acquiring an additional 1,673 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of Core & Main during the 4th quarter worth $8,150,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Core & Main by 44.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 786,800 shares of the company's stock valued at $39,946,000 after buying an additional 242,400 shares during the period. Finally, Swiss National Bank raised its holdings in Core & Main by 0.6% in the 4th quarter. Swiss National Bank now owns 378,900 shares of the company's stock valued at $19,290,000 after buying an additional 2,400 shares during the period. Hedge funds and other institutional investors own 94.19% of the company's stock.

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Core & Main Stock Down 1.3 %

Shares of Core & Main stock traded down $0.62 on Thursday, reaching $48.43. 1,354,486 shares of the company were exchanged, compared to its average volume of 2,220,416. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $62.15. The company has a market cap of $9.62 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. 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 stock's 50 day moving average price is $52.43 and its 200-day moving average price is $48.48.

Wall Street Analysts Forecast Growth

CNM has been the topic of several research analyst reports. Citigroup boosted their price objective on shares of Core & Main from $43.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Robert W. Baird boosted their price objective on shares of Core & Main from $60.00 to $66.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada restated an "outperform" rating and issued a $62.00 price objective (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Finally, Truist Financial boosted their price objective on shares of Core & Main from $38.00 to $56.00 and gave the company 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.60.

Insider Transactions at Core & Main

In other news, EVP John R. Schaller sold 60,452 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.57, for a total transaction of $3,057,057.64. Following the completion of the transaction, the executive vice president now directly owns 17,898 shares of the company's stock, valued at approximately $905,101.86. The trade was a 77.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Bradford A. Cowles sold 25,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $54.48, for a total value of $1,362,000.00. Following the transaction, the president now directly owns 16,010 shares of the company's stock, valued at approximately $872,224.80. This represents a 60.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,294 shares of company stock valued at $9,383,685. 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.