Camrose Capital Investment Partners LLP Takes $12.13 Million Position in Core & Main, Inc. (NYSE:CNM)

Camrose Capital Investment Partners LLP purchased a new position in Core & Main, Inc. (NYSE:CNM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 238,322 shares of the company's stock, valued at approximately $12,133,000. Core & Main comprises about 13.3% of Camrose Capital Investment Partners LLP's holdings, making the stock its largest holding. Camrose Capital Investment Partners LLP owned about 0.12% of Core & Main at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CNM. US Bancorp DE raised its position in shares of Core & Main by 12.3% during the 4th quarter. US Bancorp DE now owns 1,795 shares of the company's stock worth $91,000 after buying an additional 197 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Core & Main by 4.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,616 shares of the company's stock worth $286,000 after purchasing an additional 258 shares in the last quarter. Avior Wealth Management LLC boosted its stake 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 in the last quarter. Quadrant Capital Group LLC increased its position in shares of Core & Main by 30.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company's stock valued at $61,000 after purchasing an additional 278 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Core & Main by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 5,871 shares of the company's stock worth $299,000 after buying an additional 287 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CNM. Deutsche Bank Aktiengesellschaft initiated coverage on Core & Main in a report on Tuesday, April 1st. They set a "buy" rating and a $60.00 target price on the stock. Citigroup raised 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. Wells Fargo & Company increased their price objective on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Royal Bank of Canada cut their target price 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. Finally, Robert W. Baird decreased their price target on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.55.

Core & Main Stock Performance

CNM opened at $53.38 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The stock's 50 day moving average price is $49.10 and its two-hundred day moving average price is $50.06. The firm has a market capitalization of $10.56 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. 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 the consensus estimate of $0.36 by ($0.03). Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business posted $0.34 EPS. Core & Main's revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Activity

In related news, President Bradford A. Cowles sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the sale, the president now owns 16,010 shares of the company's stock, valued at $872,224.80. This trade represents a 60.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO John Weldon Stephens sold 41,963 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.48, for a total transaction of $2,118,292.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,120 shares in the company, valued at approximately $207,977.60. The trade was a 91.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,045 shares of company stock worth $5,045,698. 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.

Want to see what other hedge funds are holding CNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Core & Main, Inc. (NYSE:CNM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.