Fiera Capital Corp Has $7.94 Million Stock Position in Core & Main, Inc. (NYSE:CNM)

Fiera Capital Corp boosted its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 162,250 shares of the company's stock after acquiring an additional 11,904 shares during the quarter. Fiera Capital Corp owned approximately 0.08% of Core & Main worth $7,941,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Core & Main by 35.2% during the 1st quarter. Vanguard Group Inc. now owns 18,138,994 shares of the company's stock worth $1,038,457,000 after buying an additional 4,721,510 shares during the period. Capital International Investors grew its position in shares of Core & Main by 470.6% in the first quarter. Capital International Investors now owns 5,093,278 shares of the company's stock valued at $291,590,000 after purchasing an additional 4,200,591 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Core & Main by 915.9% in the first quarter. Bessemer Group Inc. now owns 2,586,395 shares of the company's stock worth $148,073,000 after purchasing an additional 2,331,802 shares during the period. Swedbank AB acquired a new position in shares of Core & Main during the 1st quarter worth about $98,876,000. Finally, Norges Bank bought a new stake in Core & Main during the 4th quarter valued at approximately $69,282,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James G. Castellano sold 12,500 shares of Core & Main stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $52.22, for a total value of $652,750.00. Following the completion of the transaction, the director now owns 11,769 shares in the company, valued at $614,577.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNM. JPMorgan Chase & Co. dropped their price target on Core & Main from $54.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday. Truist Financial reduced their target price on shares of Core & Main from $56.00 to $50.00 and set a "hold" rating for the company in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $60.00 price target on shares of Core & Main in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.70.

Core & Main Price Performance

Shares of CNM traded down $7.41 during mid-day trading on Wednesday, reaching $39.39. The company had a trading volume of 12,622,074 shares, compared to its average volume of 2,513,468. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.14 and a quick ratio of 1.23. The company has a market capitalization of $7.94 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.82 and a beta of 1.06. Core & Main, Inc. has a twelve month low of $27.75 and a twelve month high of $62.15. The company's 50-day moving average is $50.10 and its 200-day moving average is $52.74.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.02). Core & Main had a return on equity of 20.01% and a net margin of 5.53%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The business's revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Core & Main, Inc. will post 2.32 EPS for the current year.

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.