WINTON GROUP Ltd Sells 27,669 Shares of Core & Main, Inc. (NYSE:CNM)

WINTON GROUP Ltd trimmed its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 52.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,631 shares of the company's stock after selling 27,669 shares during the period. WINTON GROUP Ltd's holdings in Core & Main were worth $1,254,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Avior Wealth Management LLC grew its position 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 purchasing an additional 271 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Core & Main during the third quarter valued at approximately $49,000. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 684 shares in the last quarter. Blue Trust Inc. raised its holdings in Core & Main by 187.4% in the 4th quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock worth $65,000 after acquiring an additional 830 shares during the last quarter. Finally, R Squared Ltd bought a new position in Core & Main in the 4th quarter valued at approximately $78,000. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNM has been the subject of a number of research analyst reports. 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. Citigroup increased their price objective on shares of Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their target price on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Truist Financial lifted their price target on shares of Core & Main from $38.00 to $56.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Finally, Barclays upped their price objective on Core & Main from $57.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.55.

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Core & Main Trading Up 0.9 %

Shares of CNM traded up $0.46 during trading hours on Tuesday, reaching $48.77. 842,647 shares of the company traded hands, compared to its average volume of 2,269,212. The stock's fifty day moving average price is $51.73 and its 200 day moving average price is $49.01. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 22.91, 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.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The company's quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Sell-side analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Activity at Core & Main

In other Core & Main news, President Bradford A. Cowles sold 12,500 shares of Core & Main stock in a transaction on Friday, January 10th. The stock was sold at an average price of $50.50, for a total transaction of $631,250.00. Following the completion of the sale, the president now directly owns 16,010 shares of the company's stock, valued at $808,505. The trade was a 43.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the sale, the general counsel now owns 7,667 shares of the company's stock, valued at $387,106.83. This represents a 86.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,294 shares of company stock worth $9,383,685. Company insiders own 3.49% of the company's stock.

Core & Main 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.