Core & Main, Inc. (NYSE:CNM) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC cut its holdings in Core & Main, Inc. (NYSE:CNM - Free Report) by 16.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,048 shares of the company's stock after selling 15,578 shares during the quarter. Isthmus Partners LLC's holdings in Core & Main were worth $3,599,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rhumbline Advisers increased its position in Core & Main by 6.2% during the second quarter. Rhumbline Advisers now owns 508,554 shares of the company's stock valued at $24,889,000 after acquiring an additional 29,490 shares during the last quarter. Comerica Bank grew its holdings in Core & Main by 30.9% during the 1st quarter. Comerica Bank now owns 67,754 shares of the company's stock valued at $3,879,000 after purchasing an additional 16,009 shares during the last quarter. SG Americas Securities LLC raised its position in Core & Main by 542.1% in the 2nd quarter. SG Americas Securities LLC now owns 39,415 shares of the company's stock worth $1,929,000 after purchasing an additional 33,277 shares during the period. Quest Partners LLC lifted its stake in Core & Main by 1,195,600.0% in the third quarter. Quest Partners LLC now owns 11,957 shares of the company's stock worth $531,000 after purchasing an additional 11,956 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Core & Main by 2.6% during the third quarter. Eagle Asset Management Inc. now owns 1,720,496 shares of the company's stock valued at $74,979,000 after buying an additional 44,282 shares during the period. Institutional investors own 94.19% of the company's stock.

Core & Main Stock Performance

Core & Main stock traded up $1.42 during mid-day trading on Friday, reaching $48.53. 1,956,639 shares of the company traded hands, compared to its average volume of 2,558,898. The firm's fifty day moving average is $44.61 and its two-hundred day moving average is $48.43. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 3.07 and a beta of 1.02. Core & Main, Inc. has a fifty-two week low of $34.32 and a fifty-two week high of $62.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.29 and a quick ratio of 1.34.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CNM. Truist Financial dropped their price objective on Core & Main from $50.00 to $38.00 and set a "hold" rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. reduced their price target on shares of Core & Main from $54.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 3rd. Barclays decreased their price objective on shares of Core & Main from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group dropped their target price on shares of Core & Main from $57.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, September 6th. Finally, Bank of America lowered their price target on Core & Main from $38.00 to $34.00 and set an "underperform" rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $51.20.

Core & Main Company Profile

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.