ELCO Management Co. LLC Sells 12,755 Shares of Core & Main, Inc. (NYSE:CNM)

ELCO Management Co. LLC lowered its stake in Core & Main, Inc. (NYSE:CNM - Free Report) by 55.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,063 shares of the company's stock after selling 12,755 shares during the period. ELCO Management Co. LLC's holdings in Core & Main were worth $512,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Core & Main by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,666,765 shares of the company's stock valued at $84,855,000 after buying an additional 122,240 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in Core & Main by 70.4% in the 4th quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company's stock valued at $174,661,000 after purchasing an additional 1,416,907 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Core & Main during the 3rd quarter worth approximately $774,000. Asset Management One Co. Ltd. boosted its stake in shares of Core & Main by 13.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 65,284 shares of the company's stock valued at $3,331,000 after buying an additional 7,565 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Core & Main by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 18,219,997 shares of the company's stock valued at $927,580,000 after buying an additional 221,970 shares during the period. 94.19% of the stock is currently owned by institutional investors and hedge funds.

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Core & Main Stock Up 0.4 %

Shares of Core & Main stock traded up $0.21 during trading hours on Monday, reaching $48.96. The company's stock had a trading volume of 283,040 shares, compared to its average volume of 2,291,769. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. The stock's fifty day simple moving average is $49.77 and its two-hundred day simple moving average is $49.29. The company has a market capitalization of $9.69 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a one year low of $37.22 and a one year high of $62.15.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The business's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, research 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, President Bradford A. Cowles sold 25,000 shares of the 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 completion of the transaction, the president now owns 16,010 shares in the company, valued at approximately $872,224.80. This represents a 60.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO John Weldon Stephens sold 41,963 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.48, for a total transaction of $2,118,292.24. Following the transaction, the chief accounting officer now owns 4,120 shares of the company's stock, valued at $207,977.60. This represents a 91.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,305 shares of company stock valued at $5,289,169 over the last ninety days. Corporate insiders own 3.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Core & Main in a research report on Tuesday, April 1st. They set a "buy" rating and a $60.00 target price for the company. Citigroup boosted their target price on shares of Core & Main from $43.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, January 6th. Wells Fargo & Company increased their price target 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. Robert W. Baird lowered their price objective on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada decreased their price target on Core & Main from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 26th. One 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $57.55.

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.