Union Bancaire Privee UBP SA Purchases New Shares in Core & Main, Inc. (NYSE:CNM)

Union Bancaire Privee UBP SA bought a new position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,956 shares of the company's stock, valued at approximately $2,702,000.

Several other large investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Core & Main in the third quarter worth $26,000. ORG Wealth Partners LLC bought a new position in Core & Main in the third quarter worth $31,000. Avior Wealth Management LLC increased its stake in shares of Core & Main by 51.3% in the fourth 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. UMB Bank n.a. boosted its holdings in Core & Main by 246.0% during the fourth quarter. UMB Bank n.a. now owns 962 shares of the company's stock worth $49,000 after buying an additional 684 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Core & Main in the 3rd quarter valued at approximately $49,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Core & Main

In other news, General Counsel Mark G. Whittenburg sold 1,974 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total value of $109,142.46. Following the transaction, the general counsel now owns 7,667 shares of the company's stock, valued at approximately $423,908.43. This trade represents a 20.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey D. Giles sold 25,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.71, for a total transaction of $1,367,750.00. Following the sale, the executive vice president now directly owns 11,615 shares in the company, valued at $635,456.65. This trade represents a 68.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,426 shares of company stock valued at $22,923,825 over the last quarter. 3.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CNM shares. Citigroup upped their target price on Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Loop Capital boosted their price target on Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Barclays upped their price objective on Core & Main from $57.00 to $65.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Robert W. Baird increased their price objective on shares of Core & Main from $60.00 to $66.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $62.00 price objective (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. One 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 an average target price of $57.30.

Core & Main Stock Down 0.9 %

Core & Main stock traded down $0.49 during trading on Friday, hitting $56.54. 659,955 shares of the company were exchanged, compared to its average volume of 1,532,393. The business's 50 day moving average is $52.35 and its 200 day moving average is $48.42. The company has a market capitalization of $11.23 billion, a P/E ratio of 26.55, a PEG ratio of 3.12 and a beta of 1.02. 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, Inc. has a 52 week low of $37.22 and a 52 week high of $62.15.

Core & Main (NYSE:CNM - Get Free Report) last released 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. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.99 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. Core & Main's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Analysts predict that Core & Main, Inc. will post 2.16 earnings per share for the current year.

About Core & Main

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.