Natixis Advisors LLC Has $2.68 Million Stake in Core & Main, Inc. (NYSE:CNM)

Natixis Advisors LLC lowered its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,622 shares of the company's stock after selling 36,629 shares during the period. Natixis Advisors LLC's holdings in Core & Main were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Core & Main by 12.3% during the 4th quarter. US Bancorp DE now owns 1,795 shares of the company's stock worth $91,000 after purchasing an additional 197 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 258 shares during the period. Avior Wealth Management LLC grew its position in Core & Main by 51.3% during 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 in the last quarter. CIBC Asset Management Inc grew 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 worth $299,000 after buying an additional 287 shares in the last quarter. Finally, Arizona State Retirement System increased its stake 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 acquiring an additional 360 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CNM shares. Citigroup increased their target price on Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Robert W. Baird reduced their price objective on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday. Truist Financial boosted their target price on shares of Core & Main from $38.00 to $56.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Loop Capital increased their price target 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 lifted their price objective on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Core & Main has a consensus rating of "Moderate Buy" and an average target price of $57.30.

Core & Main Price Performance

Shares of NYSE:CNM 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. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $62.15. The company has a market capitalization of $9.92 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The business's 50 day moving average is $52.10 and its 200-day moving average is $48.73.

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). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. Core & Main's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Equities analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Activity at Core & Main

In other news, EVP John R. Schaller sold 60,452 shares of the firm's stock in a transaction on Friday, January 10th. The shares were 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 owns 17,898 shares of the company's stock, valued at approximately $905,101.86. This trade represents a 77.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Bradford A. Cowles sold 25,000 shares of Core & Main stock in a transaction on Monday, February 10th. The stock was sold at an average price of $54.48, for a total transaction of $1,362,000.00. Following the transaction, the president now owns 16,010 shares in the company, valued at approximately $872,224.80. This trade represents a 60.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,294 shares of company stock worth $9,383,685 in the last quarter. 3.49% of the stock is owned by insiders.

About Core & Main

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.