Core & Main, Inc. (NYSE:CNM) Shares Purchased by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC increased its holdings in Core & Main, Inc. (NYSE:CNM - Free Report) by 136.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,532 shares of the company's stock after acquiring an additional 194,438 shares during the quarter. Core & Main comprises approximately 1.5% of Grandeur Peak Global Advisors LLC's portfolio, making the stock its 14th biggest position. Grandeur Peak Global Advisors LLC owned 0.17% of Core & Main worth $17,133,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Core & Main by 10.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,473 shares of the company's stock valued at $5,571,000 after buying an additional 11,427 shares in the last quarter. Vestcor Inc raised its stake in Core & Main by 233.9% during the 3rd quarter. Vestcor Inc now owns 16,026 shares of the company's stock worth $712,000 after acquiring an additional 11,227 shares during the period. Geode Capital Management LLC boosted its stake in shares of Core & Main by 14.5% in the third quarter. Geode Capital Management LLC now owns 3,261,964 shares of the company's stock worth $144,869,000 after acquiring an additional 412,520 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Core & Main in the third quarter worth about $49,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Core & Main by 10.1% in the 3rd quarter. Retirement Systems of Alabama now owns 254,759 shares of the company's stock worth $11,311,000 after buying an additional 23,277 shares during the last quarter. 94.19% of the stock is owned by institutional investors.

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Core & Main Stock Up 0.4 %

Core & Main stock traded up $0.18 during trading on Tuesday, reaching $49.51. The stock had a trading volume of 1,252,467 shares, compared to its average volume of 2,294,621. The business has a 50 day moving average price of $49.67 and a 200 day moving average price of $49.31. The stock has a market cap of $9.80 billion, a PE ratio of 23.25, a P/E/G ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 52-week low of $37.22 and a 52-week high of $62.15. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Core & Main's revenue was up 17.9% compared to the same quarter last year. On average, analysts predict that Core & Main, Inc. will post 2.16 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNM. Royal Bank of Canada dropped their price target on Core & Main from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company lifted their price target on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Citigroup lifted 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. Robert W. Baird decreased their price target on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Core & Main in a research note on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.55.

Insider Buying and Selling

In other Core & Main news, CAO John Weldon Stephens sold 41,963 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 4,120 shares of the company's stock, valued at $207,977.60. This represents a 91.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Schaller sold 21,868 shares of Core & Main stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the transaction, the executive vice president now owns 16,452 shares in the company, valued at $770,282.64. This trade represents a 57.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,805 shares of company stock worth $4,613,294 in the last quarter. 3.49% of the stock is owned by insiders.

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.