BI Asset Management Fondsmaeglerselskab A S Has $135,000 Stock Holdings in Core & Main, Inc. (NYSE:CNM)

BI Asset Management Fondsmaeglerselskab A S cut its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 95.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,656 shares of the company's stock after selling 62,734 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Core & Main were worth $135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CNM. Avior Wealth Management LLC lifted its holdings in Core & Main by 51.3% in the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock worth $41,000 after purchasing an additional 271 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Core & Main in the third quarter valued at $49,000. UMB Bank n.a. boosted its stake in 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 buying an additional 684 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Core & Main by 30.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company's stock worth $61,000 after acquiring an additional 278 shares during the period. Finally, Blue Trust Inc. raised its position in Core & Main by 187.4% in the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock worth $65,000 after acquiring an additional 830 shares in the last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Core & Main in a research note on Tuesday, April 1st. They set a "buy" rating and a $60.00 price objective for the company. Citigroup lifted their target price on shares of Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada lowered their price objective on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $57.55.

Core & Main Stock Down 0.4 %

CNM stock traded down $0.21 during mid-day trading on Wednesday, hitting $52.73. The stock had a trading volume of 1,405,426 shares, compared to its average volume of 2,300,363. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $62.15. The company has a fifty day moving average of $48.91 and a 200 day moving average of $49.84. 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 stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.61 and a beta of 1.05.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The company's quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. On average, equities analysts expect that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Insider Activity

In other Core & Main news, CAO John Weldon Stephens sold 10,214 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $53.02, for a total transaction of $541,546.28. Following the transaction, the chief accounting officer now directly owns 4,120 shares in the company, valued at $218,442.40. This trade represents a 71.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Bradford A. Cowles sold 25,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 16,010 shares of the company's stock, valued at $872,224.80. This represents a 60.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,045 shares of company stock worth $5,045,698. 3.49% of the stock is owned by corporate insiders.

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.