31,650 Shares in Core & Main, Inc. (NYSE:CNM) Acquired by Enhancing Capital LLC

Enhancing Capital LLC acquired a new stake in Core & Main, Inc. (NYSE:CNM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,650 shares of the company's stock, valued at approximately $1,611,000. Core & Main makes up approximately 1.3% of Enhancing Capital LLC's holdings, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Core & Main by 12.3% in the fourth quarter. US Bancorp DE now owns 1,795 shares of the company's stock valued at $91,000 after purchasing an additional 197 shares during the period. Fifth Third Wealth Advisors LLC grew its position 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 purchasing an additional 258 shares during the period. Avior Wealth Management LLC grew its position in shares of Core & Main by 51.3% in the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock valued at $41,000 after purchasing an additional 271 shares during the period. CIBC Asset Management Inc grew its position in shares of Core & Main by 5.1% in the fourth 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 period. Finally, Arizona State Retirement System grew its position in shares of Core & Main by 0.6% in the fourth quarter. Arizona State Retirement System now owns 55,910 shares of the company's stock valued at $2,846,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 94.19% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CNM. Wells Fargo & Company boosted 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. Royal Bank of Canada restated an "outperform" rating and set a $62.00 price target (up from $53.00) on shares of Core & Main in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their price target on shares of Core & Main from $50.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price target on shares of Core & Main from $60.00 to $66.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Citigroup boosted their price target on shares of Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.60.

Insider Buying and Selling at Core & Main

In other news, General Counsel Mark G. Whittenburg sold 1,974 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total value of $109,142.46. Following the sale, the general counsel now directly owns 7,667 shares of the company's stock, valued at approximately $423,908.43. The trade was a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Schaller sold 60,452 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 17,898 shares in the company, valued at $905,101.86. This trade represents a 77.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock worth $9,383,685 in the last ninety days. 3.49% of the stock is owned by insiders.

Core & Main Trading Down 0.7 %

NYSE:CNM traded down $0.33 on Friday, hitting $48.19. The stock had a trading volume of 4,969,367 shares, compared to its average volume of 2,223,973. 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 stock has a market cap of $9.57 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05. The company has a fifty day moving average price of $52.32 and a two-hundred day moving average price of $48.48. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $62.15.

Core & Main 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.