Core & Main, Inc. (NYSE:CNM) Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. increased its stake in Core & Main, Inc. (NYSE:CNM - Free Report) by 146.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,762 shares of the company's stock after acquiring an additional 14,124 shares during the period. Foster & Motley Inc.'s holdings in Core & Main were worth $1,055,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc lifted its stake in Core & Main by 373.0% in the third quarter. Impax Asset Management Group plc now owns 2,013,880 shares of the company's stock worth $89,416,000 after purchasing an additional 1,588,117 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Core & Main by 92.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,761 shares of the company's stock valued at $789,000 after acquiring an additional 8,547 shares during the last quarter. Lmcg Investments LLC boosted its holdings in Core & Main by 1.1% during the 3rd quarter. Lmcg Investments LLC now owns 111,250 shares of the company's stock valued at $4,940,000 after acquiring an additional 1,211 shares during the period. VELA Investment Management LLC grew its position in Core & Main by 79.8% during the 3rd quarter. VELA Investment Management LLC now owns 47,881 shares of the company's stock worth $2,126,000 after acquiring an additional 21,247 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in Core & Main by 3.8% in the 3rd quarter. New York State Teachers Retirement System now owns 89,978 shares of the company's stock worth $3,995,000 after purchasing an additional 3,318 shares during the period. Institutional investors own 94.19% of the company's stock.

Core & Main Stock Performance

CNM traded down $1.10 during midday trading on Thursday, reaching $46.02. The company had a trading volume of 990,266 shares, compared to its average volume of 2,531,245. The business has a 50-day moving average of $43.83 and a two-hundred day moving average of $49.83. The company has a quick ratio of 1.34, a current ratio of 2.29 and a debt-to-equity ratio of 1.40. Core & Main, Inc. has a 1 year low of $30.80 and a 1 year high of $62.15. The company has a market cap of $9.26 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.84 and a beta of 1.02.

Core & Main (NYSE:CNM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.13). Core & Main had a return on equity of 21.91% and a net margin of 5.58%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Core & Main, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CNM shares. Loop Capital cut their target price 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. JPMorgan Chase & Co. decreased their price objective on shares of Core & Main from $54.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 3rd. Wells Fargo & Company assumed coverage on shares of Core & Main in a research note on Monday, September 23rd. They set an "overweight" rating and a $52.00 price objective for the company. Truist Financial lowered their price target on Core & Main from $50.00 to $38.00 and set a "hold" rating for the company in a research report on Thursday, September 5th. Finally, Robert W. Baird lifted their price objective on Core & Main from $53.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.20.

About Core & Main

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.