Sciencast Management LP Sells 17,154 Shares of Core & Main, Inc. (NYSE:CNM)

Sciencast Management LP reduced its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,227 shares of the company's stock after selling 17,154 shares during the period. Sciencast Management LP's holdings in Core & Main were worth $1,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its stake in shares of Core & Main by 51.3% in 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 last quarter. Wilmington Savings Fund Society FSB bought a new stake in Core & Main during the third quarter worth approximately $49,000. UMB Bank n.a. grew its position in Core & Main by 246.0% in the fourth quarter. UMB Bank n.a. now owns 962 shares of the company's stock worth $49,000 after buying an additional 684 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Core & Main by 187.4% in the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock valued at $65,000 after buying an additional 830 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Core & Main in the fourth quarter valued at $78,000. 94.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CNM has been the topic of a number of recent research reports. Loop Capital lifted their target price on Core & Main from $52.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Truist Financial upped their price objective on shares of Core & Main from $38.00 to $56.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Robert W. Baird dropped their target price on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. 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 company's stock. According to MarketBeat, Core & Main presently has an average rating of "Moderate Buy" and a consensus target price of $57.30.

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Insider Activity at Core & Main

In other news, EVP John R. Schaller sold 60,452 shares of the firm'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 sale, the executive vice president now directly owns 17,898 shares of the company's stock, valued at $905,101.86. This trade represents a 77.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Bradford A. Cowles sold 25,000 shares of Core & Main stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the sale, the president now 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 90 days, insiders sold 184,294 shares of company stock valued at $9,383,685. Insiders own 3.49% of the company's stock.

Core & Main Stock Up 0.9 %

Shares of CNM stock traded up $0.46 during trading on Thursday, hitting $49.96. 3,674,403 shares of the company were exchanged, compared to its average volume of 2,245,699. The business's 50-day simple moving average is $52.10 and its 200 day simple moving average is $48.73. Core & Main, Inc. has a twelve month low of $37.22 and a twelve month high of $62.15. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 23.45, a P/E/G 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 issued its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (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 last year, the business earned $0.34 EPS. The company's quarterly revenue was up 17.9% on a year-over-year basis. As a group, analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

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.