Core & Main, Inc. (NYSE:CNM) Stake Reduced by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI cut its holdings in Core & Main, Inc. (NYSE:CNM - Free Report) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,833,682 shares of the company's stock after selling 8,221 shares during the period. Fiduciary Management Inc. WI owned 1.43% of Core & Main worth $144,263,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Avior Wealth Management LLC increased its stake in Core & Main by 51.3% in the fourth 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. UMB Bank n.a. increased its stake in shares of Core & Main by 246.0% during the 4th quarter. UMB Bank n.a. now owns 962 shares of the company's stock valued at $49,000 after acquiring an additional 684 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Core & Main during the 3rd quarter worth about $49,000. Quadrant Capital Group LLC boosted 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 worth $61,000 after acquiring an additional 278 shares during the last quarter. Finally, Blue Trust Inc. grew 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 purchasing an additional 830 shares during the period. Hedge funds and other institutional investors own 94.19% of the company's stock.

Core & Main Stock Up 3.1 %

Shares of NYSE:CNM traded up $1.57 during midday trading on Thursday, reaching $52.00. The company had a trading volume of 459,243 shares, compared to its average volume of 1,942,254. Core & Main, Inc. has a one year low of $37.22 and a one year high of $62.15. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The stock has a market capitalization of $10.29 billion, a P/E ratio of 24.43, a PEG ratio of 2.61 and a beta of 1.05. The stock's fifty day moving average price is $48.95 and its 200-day moving average price is $49.52.

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

Insiders Place Their Bets

In other Core & Main news, CAO John Weldon Stephens sold 41,963 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 4,120 shares of the company's stock, valued at approximately $207,977.60. This represents a 91.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Bradford A. Cowles sold 25,000 shares of Core & Main stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $54.48, for a total transaction of $1,362,000.00. Following the completion of the transaction, the president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 88,831 shares of company stock valued at $4,504,152 in the last quarter. Insiders own 3.49% of the company's stock.

Analyst Upgrades and Downgrades

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

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.