Foster & Motley Inc. Has $1.45 Million Stock Position in Core & Main, Inc. (NYSE:CNM)

Foster & Motley Inc. boosted its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,554 shares of the company's stock after acquiring an additional 4,792 shares during the period. Foster & Motley Inc.'s holdings in Core & Main were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new stake in Core & Main during the 2nd quarter worth approximately $243,000. Truist Financial Corp lifted its position in Core & Main by 1,103.3% in the 2nd quarter. Truist Financial Corp now owns 495,199 shares of the company's stock valued at $24,235,000 after acquiring an additional 454,046 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Core & Main by 3.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 54,800 shares of the company's stock worth $2,682,000 after purchasing an additional 1,900 shares during the period. Sanctuary Advisors LLC bought a new position in Core & Main during the 2nd quarter worth about $840,000. Finally, Handelsbanken Fonder AB increased its holdings in Core & Main by 34.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,985,529 shares of the company's stock worth $132,557,000 after purchasing an additional 757,000 shares in the last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Bradford A. Cowles sold 50,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $55.07, for a total transaction of $2,753,500.00. Following the completion of the sale, the president now directly owns 18,423 shares in the company, valued at $1,014,554.61. This represents a 73.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Mark G. Whittenburg sold 1,974 shares of the firm'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 transaction of $109,142.46. Following the completion of the sale, the general counsel now owns 7,667 shares in the company, valued at approximately $423,908.43. The trade was a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,426 shares of company stock valued at $22,923,825 over the last 90 days. 3.49% of the stock is owned by corporate insiders.

Core & Main Stock Performance

NYSE CNM traded down $0.49 during trading on Friday, reaching $56.54. 1,219,841 shares of the company's stock were exchanged, compared to its average volume of 1,427,934. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. The business has a 50 day moving average price of $52.57 and a 200-day moving average price of $48.39. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The stock has a market capitalization of $11.23 billion, a P/E ratio of 26.55, a PEG ratio of 3.12 and a beta of 1.02.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company's revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays upped their price objective on Core & Main from $57.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Truist Financial raised their price target on shares of Core & Main from $38.00 to $56.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their target price on shares of Core & Main from $50.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $62.00 price target (up from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. Finally, Loop Capital increased their price objective on shares of Core & Main from $52.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Core & Main has a consensus rating of "Moderate Buy" and an average target price of $57.30.

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.