Core & Main, Inc. (NYSE:CNM) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 17.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,141,763 shares of the company's stock after selling 463,578 shares during the period. Core & Main makes up about 2.3% of Robeco Schweiz AG's holdings, making the stock its 9th biggest position. Robeco Schweiz AG owned approximately 1.08% of Core & Main worth $109,037,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC grew its stake in Core & Main by 4.8% in the fourth 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 in the last quarter. Avior Wealth Management LLC increased its holdings in Core & Main by 51.3% in the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock worth $41,000 after buying an additional 271 shares during the last quarter. CIBC Asset Management Inc raised its position in Core & Main by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 5,871 shares of the company's stock valued at $299,000 after acquiring an additional 287 shares in the last quarter. Fifth Third Bancorp lifted its stake in Core & Main by 2.8% in the fourth quarter. Fifth Third Bancorp now owns 13,589 shares of the company's stock valued at $692,000 after acquiring an additional 374 shares during the last quarter. Finally, Andina Capital Management LLC grew its position in Core & Main by 6.5% in the fourth quarter. Andina Capital Management LLC now owns 9,274 shares of the company's stock worth $472,000 after acquiring an additional 567 shares in the last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Core & Main

In related news, General Counsel Mark G. Whittenburg sold 1,974 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $55.29, for a total value of $109,142.46. Following the completion of the transaction, the general counsel now directly owns 7,667 shares of the company's stock, valued at $423,908.43. This trade represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Bradford A. Cowles sold 12,500 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.50, for a total transaction of $631,250.00. Following the completion of the sale, the president now directly owns 16,010 shares in the company, valued at $808,505. This trade represents a 43.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 452,426 shares of company stock valued at $24,285,825. 3.49% of the stock is owned by corporate insiders.

Core & Main Stock Performance

CNM stock traded down $0.02 on Friday, reaching $51.02. 1,537,051 shares of the company were exchanged, compared to its average volume of 1,543,724. The firm has a market capitalization of $10.14 billion, a PE ratio of 23.95, a PEG ratio of 2.61 and a beta of 1.03. Core & Main, Inc. has a 12 month low of $37.22 and a 12 month high of $62.15. The stock's fifty day moving average price is $53.37 and its 200 day moving average price is $48.76. 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 announced its quarterly earnings data on Tuesday, December 3rd. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.99 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, research analysts anticipate that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on CNM shares. Wells Fargo & Company increased their target price on shares of Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Loop Capital raised their price objective on Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their target price on Core & Main from $50.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Barclays lifted their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, Citigroup boosted their price objective on shares of Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.60.

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.