3,952 Shares in Core & Main, Inc. (NYSE:CNM) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of Core & Main, Inc. (NYSE:CNM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,952 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. PointState Capital LP purchased a new stake in shares of Core & Main in the 3rd quarter worth $100,013,000. FMR LLC grew its holdings in Core & Main by 28.0% during the third quarter. FMR LLC now owns 8,697,084 shares of the company’s stock valued at $386,151,000 after purchasing an additional 1,903,280 shares during the period. Impax Asset Management Group plc increased its position in Core & Main by 373.0% in the third quarter. Impax Asset Management Group plc now owns 2,013,880 shares of the company’s stock worth $89,416,000 after buying an additional 1,588,117 shares in the last quarter. Spruce House Investment Management LLC raised its stake in shares of Core & Main by 400.0% in the third quarter. Spruce House Investment Management LLC now owns 1,500,000 shares of the company’s stock worth $66,600,000 after buying an additional 1,200,000 shares during the period. Finally, Zimmer Partners LP lifted its position in shares of Core & Main by 535.6% during the 3rd quarter. Zimmer Partners LP now owns 1,303,000 shares of the company’s stock valued at $57,853,000 after buying an additional 1,098,000 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNM has been the subject of several analyst reports. Wells Fargo & Company increased their target price on shares of Core & Main from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Truist Financial increased their price objective on shares of Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Robert W. Baird lifted their target price on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their target price on shares of Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price target (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 given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.60.

Core & Main Stock Up 0.3 %

CNM opened at $47.58 on Thursday. The company has a market capitalization of $9.45 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03. The firm has a 50-day simple moving average of $53.17 and a two-hundred day simple moving average of $48.71. The company has a quick ratio of 1.28, a current ratio of 2.14 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) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. Analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Insider Transactions at Core & Main

In other news, General Counsel Mark G. Whittenburg sold 1,974 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total transaction of $109,142.46. Following the sale, the general counsel now directly owns 7,667 shares in the company, valued at approximately $423,908.43. This represents a 20.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Bradford A. Cowles sold 12,500 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $50.50, for a total transaction of $631,250.00. Following the completion of the transaction, the president now directly owns 16,010 shares of the company’s stock, valued at approximately $808,505. The trade was a 43.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,426 shares of company stock valued at $8,359,825 in the last ninety days. Corporate 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.