Core & Main, Inc. (NYSE:CNM) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in Core & Main, Inc. (NYSE:CNM - Free Report) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,473 shares of the company's stock after purchasing an additional 11,427 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Core & Main worth $5,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Services Automobile Association raised its holdings in shares of Core & Main by 2.0% in the 2nd quarter. United Services Automobile Association now owns 13,307 shares of the company's stock valued at $651,000 after purchasing an additional 266 shares in the last quarter. Andina Capital Management LLC increased its holdings in Core & Main by 3.5% in the third quarter. Andina Capital Management LLC now owns 8,707 shares of the company's stock valued at $387,000 after buying an additional 294 shares during the last quarter. CWM LLC raised its stake in Core & Main by 25.6% in the second quarter. CWM LLC now owns 1,638 shares of the company's stock valued at $80,000 after buying an additional 334 shares in the last quarter. GAMMA Investing LLC raised its stake in Core & Main by 61.1% in the third quarter. GAMMA Investing LLC now owns 1,348 shares of the company's stock valued at $60,000 after buying an additional 511 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in Core & Main during the 3rd quarter worth about $26,000. 94.19% of the stock is owned by institutional investors and hedge funds.

Core & Main Stock Performance

Shares of CNM traded down $0.19 during mid-day trading on Friday, hitting $52.21. 2,222,015 shares of the company's stock were exchanged, compared to its average volume of 2,588,743. The firm has a market capitalization of $10.50 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.95 and a beta of 1.04. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. The business's 50 day moving average is $46.53 and its two-hundred day moving average is $47.72. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

Core & Main (NYSE:CNM - Get Free Report) last announced its earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $0.65 EPS. The company's revenue was up 11.5% on a year-over-year basis. On average, equities analysts expect that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Buying and Selling at Core & Main

In other Core & Main news, CEO Stephen O. Leclair sold 200,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $54.88, for a total transaction of $10,976,000.00. Following the transaction, the chief executive officer now owns 92,349 shares in the company, valued at approximately $5,068,113.12. The trade was a 68.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Bradford A. Cowles sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $55.07, for a total value of $2,753,500.00. Following the transaction, the president now directly owns 18,423 shares of the company's stock, valued at approximately $1,014,554.61. This trade represents a 73.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 290,000 shares of company stock valued at $15,926,000. 3.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on CNM. Loop Capital increased their price objective on Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Barclays raised their price objective on shares of Core & Main from $57.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lowered their target price on shares of Core & Main from $54.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, September 3rd. The Goldman Sachs Group lifted their price target on shares of Core & Main from $50.00 to $57.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $62.00 price objective (up previously from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. One research 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.10.

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.