163,195 Shares in Core & Main, Inc. $CNM Bought by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments Inc. acquired 163,195 shares of Core & Main, Inc. (NYSE: CNM) worth approximately $9.8 million, representing a 0.08% stake in the company.
• Core & Main's stock recently saw a decrease of 3.3%, with analysts issuing new price targets and a consensus rating of "Moderate Buy" at an average target price of $60.27.
• Insider trading activity includes CEO Mark R. Witkowski selling 100,000 shares for over $6.4 million, significantly reducing his holdings by 73.61%.

Montrusco Bolton Investments Inc. bought a new position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 163,195 shares of the company's stock, valued at approximately $9,849,000. Montrusco Bolton Investments Inc. owned 0.08% of Core & Main at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Enhancing Capital LLC boosted its stake in Core & Main by 0.6% during the first quarter. Enhancing Capital LLC now owns 31,846 shares of the company's stock worth $1,538,000 after buying an additional 196 shares in the last quarter. Bfsg LLC boosted its stake in Core & Main by 56.4% during the second quarter. Bfsg LLC now owns 560 shares of the company's stock worth $34,000 after buying an additional 202 shares in the last quarter. CWM LLC boosted its stake in Core & Main by 34.0% during the first quarter. CWM LLC now owns 839 shares of the company's stock worth $41,000 after buying an additional 213 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Core & Main by 3.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,106 shares of the company's stock worth $343,000 after buying an additional 229 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Core & Main by 2.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 10,902 shares of the company's stock valued at $527,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 94.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CNM shares. Loop Capital restated a "hold" rating and issued a $68.00 target price on shares of Core & Main in a research note on Monday, July 28th. The Goldman Sachs Group reduced their target price on shares of Core & Main from $68.00 to $60.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. Royal Bank Of Canada reduced their target price on shares of Core & Main from $67.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 10th. Citigroup reduced their target price on shares of Core & Main from $62.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Core & Main from $64.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 10th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.27.

Insider Transactions at Core & Main

In other Core & Main news, CEO Mark R. Witkowski sold 100,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $64.08, for a total transaction of $6,408,000.00. Following the completion of the sale, the chief executive officer directly owned 35,847 shares of the company's stock, valued at approximately $2,297,075.76. The trade was a 73.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robyn L. Bradbury sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $64.51, for a total value of $322,550.00. Following the sale, the chief financial officer directly owned 8,555 shares of the company's stock, valued at $551,883.05. This represents a 36.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 272,956 shares of company stock valued at $17,063,431. 3.53% of the stock is owned by company insiders.

Core & Main Stock Down 3.3%

Shares of NYSE CNM opened at $49.31 on Monday. The firm's 50-day simple moving average is $58.13 and its 200 day simple moving average is $56.51. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.98. The company has a quick ratio of 1.30, a current ratio of 2.25 and a debt-to-equity ratio of 1.14. Core & Main, Inc. has a 12-month low of $41.64 and a 12-month high of $67.18.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.12 billion. Core & Main had a net margin of 5.57% and a return on equity of 25.44%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Core & Main has set its FY 2025 guidance at EPS. On average, research analysts expect that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

About Core & Main

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.

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