Captrust Financial Advisors Increases Stake in Core & Main, Inc. (NYSE:CNM)

Captrust Financial Advisors grew its holdings in Core & Main, Inc. (NYSE:CNM - Free Report) by 121.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,299 shares of the company's stock after buying an additional 35,855 shares during the quarter. Captrust Financial Advisors' holdings in Core & Main were worth $3,324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CNM. Avior Wealth Management LLC raised its position in Core & Main by 51.3% in 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. UMB Bank n.a. raised 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 purchasing an additional 684 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Core & Main during the third quarter worth $49,000. Quadrant Capital Group LLC grew its position in shares of Core & Main by 30.1% in the fourth 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, Blue Trust Inc. boosted its holdings in Core & Main by 187.4% in the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock valued at $65,000 after acquiring an additional 830 shares during the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

Core & Main Trading Up 2.1%

Shares of NYSE:CNM traded up $1.11 during midday trading on Friday, hitting $53.64. 348,162 shares of the stock traded hands, compared to its average volume of 2,304,491. The stock has a market capitalization of $10.62 billion, a PE ratio of 25.17, a P/E/G ratio of 2.61 and a beta of 1.04. The business's 50 day moving average is $49.70 and its two-hundred day moving average is $50.37. 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 one year low of $37.22 and a one year high of $62.15.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings results 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 net margin of 5.71% and a return on equity of 24.71%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business earned $0.34 EPS. Core & Main's revenue was up 17.9% on a year-over-year basis. As a group, research analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Transactions at Core & Main

In related news, CAO John Weldon Stephens sold 10,214 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $53.02, for a total transaction of $541,546.28. Following the completion of the transaction, the chief accounting officer now owns 4,120 shares in the company, valued at $218,442.40. The trade was a 71.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Schaller sold 21,868 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $46.82, for a total transaction of $1,023,859.76. Following the completion of the transaction, the executive vice president now directly owns 16,452 shares of the company's stock, valued at approximately $770,282.64. This represents a 57.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,045 shares of company stock worth $3,683,698 in the last three months. Insiders own 3.49% of the company's stock.

Wall Street Analyst Weigh In

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

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.