Schroder Investment Management Group Grows Stock Holdings in Core & Main, Inc. (NYSE:CNM)

Schroder Investment Management Group lifted its stake in Core & Main, Inc. (NYSE:CNM - Free Report) by 1,259.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 556,891 shares of the company's stock after buying an additional 515,925 shares during the quarter. Schroder Investment Management Group owned approximately 0.28% of Core & Main worth $28,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC grew its holdings in Core & Main by 51.3% during the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock valued at $41,000 after buying an additional 271 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Core & Main in the third quarter valued at $49,000. UMB Bank n.a. raised its stake in Core & Main by 246.0% during the fourth quarter. UMB Bank n.a. now owns 962 shares of the company's stock valued at $49,000 after purchasing an additional 684 shares in the last quarter. Blue Trust Inc. raised its stake in Core & Main by 187.4% during the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock valued at $65,000 after purchasing an additional 830 shares in the last quarter. Finally, R Squared Ltd bought a new position in Core & Main during the fourth quarter valued at $78,000. Institutional investors own 94.19% of the company's stock.

Analyst Upgrades and Downgrades

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

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Core & Main Trading Down 1.7 %

Shares of CNM traded down $0.79 during trading hours on Monday, reaching $45.35. 2,923,524 shares of the company traded hands, compared to its average volume of 2,285,704. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $62.15. The stock's fifty day moving average price is $50.84 and its 200 day moving average price is $49.19. 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 issued its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 24.71% and a net margin of 5.71%. Core & Main's revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. Sell-side analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Buying and Selling at Core & Main

In related news, President Bradford A. Cowles sold 12,500 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $50.50, for a total value of $631,250.00. Following the completion of the transaction, the president now owns 16,010 shares of the company's stock, valued at $808,505. The trade was a 43.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $50.49, for a total value of $2,524,500.00. Following the sale, the general counsel now owns 7,667 shares of the company's stock, valued at approximately $387,106.83. This represents a 86.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,257 shares of company stock valued at $11,501,977 in the last ninety days. Corporate insiders own 3.49% of the company's stock.

Core & Main Company Profile

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.