Crossmark Global Holdings Inc. Sells 19,400 Shares of Core & Main, Inc. (NYSE:CNM)

Crossmark Global Holdings Inc. reduced its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 41.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,730 shares of the company's stock after selling 19,400 shares during the period. Crossmark Global Holdings Inc.'s holdings in Core & Main were worth $1,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNM. ORG Wealth Partners LLC bought a new stake in shares of Core & Main in the 3rd quarter worth approximately $31,000. GAMMA Investing LLC increased its holdings in shares of Core & Main by 61.1% in the third quarter. GAMMA Investing LLC now owns 1,348 shares of the company's stock valued at $60,000 after buying an additional 511 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Core & Main during the 2nd quarter valued at $76,000. CWM LLC boosted its stake in shares of Core & Main by 25.6% during the 2nd quarter. CWM LLC now owns 1,638 shares of the company's stock worth $80,000 after acquiring an additional 334 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Core & Main in the 3rd quarter worth $93,000. 94.19% of the stock is currently owned by institutional investors.

Core & Main Price Performance

Shares of CNM stock traded down $0.48 during trading hours on Thursday, hitting $41.90. The company had a trading volume of 2,826,028 shares, compared to its average volume of 2,557,991. Core & Main, Inc. has a 12 month low of $33.38 and a 12 month high of $62.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.34 and a current ratio of 2.29. The firm's fifty day moving average is $43.56 and its 200 day moving average is $49.39. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.75 and a beta of 1.02.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.13). The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.05 billion. Core & Main had a net margin of 5.58% and a return on equity of 21.91%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, sell-side analysts predict that Core & Main, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CNM has been the topic of a number of recent analyst reports. Loop Capital cut their price target on shares of Core & Main from $64.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group dropped their price target on shares of Core & Main from $57.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, September 6th. Wells Fargo & Company started coverage on Core & Main in a research note on Monday, September 23rd. They issued an "overweight" rating and a $52.00 price objective on the stock. Barclays dropped their target price on shares of Core & Main from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. Finally, Robert W. Baird upped their price target on Core & Main from $53.00 to $60.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. One 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $51.20.

Core & Main Company Profile

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.