DF Dent & Co. Inc. Sells 22,569 Shares of Core & Main, Inc. (NYSE:CNM)

DF Dent & Co. Inc. cut its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 815,124 shares of the company's stock after selling 22,569 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.41% of Core & Main worth $41,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. US Bancorp DE boosted its position in Core & Main by 12.3% during the 4th quarter. US Bancorp DE now owns 1,795 shares of the company's stock valued at $91,000 after buying an additional 197 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Core & Main by 4.8% during the 4th 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 in the last quarter. Avior Wealth Management LLC boosted its stake in 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 in the last quarter. CIBC Asset Management Inc grew its position in Core & Main by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 5,871 shares of the company's stock valued at $299,000 after purchasing an additional 287 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Core & Main by 0.6% in the fourth quarter. Arizona State Retirement System now owns 55,910 shares of the company's stock worth $2,846,000 after buying an additional 360 shares during the last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.

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Core & Main Stock Up 2.4 %

CNM traded up $1.09 during trading hours on Tuesday, hitting $46.49. 600,868 shares of the company's stock were exchanged, compared to its average volume of 2,279,191. The firm has a 50 day moving average of $50.84 and a 200 day moving average of $49.19. The firm has a market cap of $9.20 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $62.15.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly 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 return on equity of 24.71% and a net margin of 5.71%. The firm had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm's revenue was up 17.9% compared to the same quarter last year. Analysts predict that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on CNM shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Core & Main in a report on Tuesday, April 1st. They set a "buy" rating and a $60.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Royal Bank of Canada cut their price objective on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. Robert W. Baird reduced their price objective on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. Finally, Citigroup raised their price target on shares of Core & Main from $43.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Core & Main presently has an average rating of "Moderate Buy" and a consensus price target of $57.55.

Insider Buying and Selling at Core & Main

In related news, President Bradford A. Cowles sold 12,500 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.50, for a total value of $631,250.00. Following the transaction, the president now owns 16,010 shares in the company, valued at $808,505. The trade was a 43.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John R. Schaller sold 60,452 shares of Core & Main 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 transaction, the executive vice president now owns 17,898 shares of the company's stock, valued at approximately $905,101.86. The trade was a 77.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,257 shares of company stock worth $11,501,977 over the last 90 days. Corporate insiders own 3.49% of the company's stock.

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.