Core & Main, Inc. (NYSE:CNM) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its stake in Core & Main, Inc. (NYSE:CNM - Free Report) by 373.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,013,880 shares of the company's stock after acquiring an additional 1,588,117 shares during the quarter. Impax Asset Management Group plc owned 1.00% of Core & Main worth $89,416,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNM. ORG Wealth Partners LLC acquired a new stake in shares of Core & Main in the third quarter valued at about $31,000. ORG Partners LLC acquired a new stake in Core & Main in the 1st quarter worth about $38,000. GAMMA Investing LLC increased its stake in Core & Main by 61.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,348 shares of the company's stock worth $60,000 after buying an additional 511 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Core & Main during the second quarter valued at approximately $76,000. Finally, CWM LLC raised its holdings in shares of Core & Main by 25.6% during the second quarter. CWM LLC now owns 1,638 shares of the company's stock valued at $80,000 after acquiring an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 94.19% of the company's stock.

Core & Main Trading Up 2.7 %

CNM traded up $1.17 during trading hours on Tuesday, reaching $44.75. The company's stock had a trading volume of 1,497,572 shares, compared to its average volume of 2,536,681. The business's 50-day moving average is $44.00 and its 200-day moving average is $49.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.29 and a quick ratio of 1.34. The stock has a market cap of $9.00 billion, a PE ratio of 21.41, a P/E/G ratio of 2.81 and a beta of 1.02. Core & Main, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $62.15.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.13). Core & Main had a return on equity of 21.91% and a net margin of 5.58%. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Core & Main, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CNM. Wells Fargo & Company began coverage on Core & Main in a research report on Monday, September 23rd. They set an "overweight" rating and a $52.00 price target for the company. Robert W. Baird raised their price target on shares of Core & Main from $53.00 to $60.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. 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 research note on Thursday, September 5th. The Goldman Sachs Group decreased 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, JPMorgan Chase & Co. dropped their price target on Core & Main from $54.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.