Landscape Capital Management L.L.C. Invests $360,000 in Core & Main, Inc. (NYSE:CNM)

Landscape Capital Management L.L.C. bought a new position in Core & Main, Inc. (NYSE:CNM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,079 shares of the company's stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Core & Main by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 18,219,997 shares of the company's stock valued at $927,580,000 after purchasing an additional 221,970 shares in the last quarter. State Street Corp increased its holdings in Core & Main by 9.7% during the 3rd quarter. State Street Corp now owns 5,522,009 shares of the company's stock worth $245,177,000 after purchasing an additional 489,224 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Core & Main by 1.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,810,739 shares of the company's stock worth $194,005,000 after buying an additional 48,833 shares during the period. Amundi grew its holdings in shares of Core & Main by 5.7% during the fourth quarter. Amundi now owns 3,659,261 shares of the company's stock worth $186,722,000 after buying an additional 196,828 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its stake in Core & Main by 70.4% in the 4th quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company's stock valued at $174,661,000 after acquiring an additional 1,416,907 shares in the last quarter. 94.19% of the stock is owned by institutional investors.

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Core & Main Price Performance

NYSE:CNM traded up $0.51 during mid-day trading on Friday, reaching $48.69. The stock had a trading volume of 2,337,560 shares, compared to its average volume of 2,299,695. Core & Main, Inc. has a 12 month low of $37.22 and a 12 month high of $62.15. The stock has a 50-day simple moving average of $49.77 and a two-hundred day simple moving average of $49.29. 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 $9.63 billion, a PE ratio of 22.86, a P/E/G ratio of 2.61 and a beta of 1.05.

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

Analysts Set New Price Targets

CNM has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Core & Main in a report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price objective for the company. Robert W. Baird cut their price objective on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company boosted their target price on shares of Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Royal Bank of Canada cut their price target on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. Finally, Citigroup upped their target price on shares of Core & Main from $43.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.55.

Insiders Place Their Bets

In related news, General Counsel Mark G. Whittenburg sold 1,974 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $55.29, for a total value of $109,142.46. Following the completion of the sale, the general counsel now directly owns 7,667 shares of the company's stock, valued at approximately $423,908.43. This represents a 20.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Bradford A. Cowles sold 12,500 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $54.07, for a total value of $675,875.00. Following the completion of the transaction, the president now directly owns 16,010 shares in the company, valued at approximately $865,660.70. This represents a 43.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,305 shares of company stock worth $5,289,169. Corporate insiders own 3.49% of the company's stock.

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.