Natixis Advisors LLC Has $15.56 Million Position in Core & Main, Inc. (NYSE:CNM)

Natixis Advisors LLC trimmed its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 14.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,881 shares of the company's stock after selling 55,163 shares during the period. Natixis Advisors LLC owned approximately 0.16% of Core & Main worth $15,558,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Core & Main by 35.2% in the first quarter. Vanguard Group Inc. now owns 18,138,994 shares of the company's stock worth $1,038,457,000 after acquiring an additional 4,721,510 shares during the last quarter. Capital International Investors lifted its holdings 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 worth $291,590,000 after acquiring an additional 4,200,591 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Core & Main by 148.0% in the first quarter. Artemis Investment Management LLP now owns 2,650,209 shares of the company's stock worth $151,655,000 after acquiring an additional 1,581,389 shares during the last quarter. Bessemer Group Inc. raised its holdings in Core & Main by 915.9% in the 1st quarter. Bessemer Group Inc. now owns 2,586,395 shares of the company's stock valued at $148,073,000 after buying an additional 2,331,802 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Core & Main by 2.8% in the 4th quarter. First Trust Advisors LP now owns 2,403,921 shares of the company's stock valued at $97,142,000 after buying an additional 66,575 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Core & Main

In other news, Director James G. Castellano sold 12,500 shares of the firm's stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $52.22, for a total transaction of $652,750.00. Following the completion of the sale, the director now owns 11,769 shares of the company's stock, valued at approximately $614,577.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.49% of the company's stock.

Core & Main Trading Down 3.6 %

Core & Main stock traded down $1.41 during mid-day trading on Thursday, hitting $37.99. 8,047,595 shares of the stock were exchanged, compared to its average volume of 2,545,824. The company has a quick ratio of 1.23, a current ratio of 2.14 and a debt-to-equity ratio of 1.46. Core & Main, Inc. has a 12 month low of $27.75 and a 12 month high of $62.15. The firm's fifty day simple moving average is $50.10 and its two-hundred day simple moving average is $52.74. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.82 and a beta of 1.06.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.13). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.05 billion. Core & Main had a return on equity of 20.01% and a net margin of 5.53%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. Analysts forecast that Core & Main, Inc. will post 2.32 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNM. Bank of America dropped their price objective on shares of Core & Main from $38.00 to $34.00 and set an "underperform" rating for the company in a report on Thursday. Barclays dropped 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. Robert W. Baird dropped their price objective on shares of Core & Main from $62.00 to $53.00 and set an "outperform" rating for the company in a report on Thursday. Royal Bank of Canada dropped their price objective on shares of Core & Main from $60.00 to $53.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Truist Financial dropped their price objective on shares of Core & Main from $50.00 to $38.00 and set a "hold" rating for the company in a report on Thursday. One research 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.82.

About Core & Main

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.