57,946 Shares in Core & Main, Inc. (NYSE:CNM) Purchased by Monument Capital Management

Monument Capital Management acquired a new position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,946 shares of the company's stock, valued at approximately $2,799,000.

Several other large investors have also made changes to their positions in CNM. Sanctuary Advisors LLC acquired a new position in shares of Core & Main during the 4th quarter worth about $201,000. US Bancorp DE lifted 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 purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Core & Main during the 4th quarter worth about $122,000. Charles Schwab Investment Management Inc. lifted its position in shares of Core & Main by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,666,765 shares of the company's stock worth $84,855,000 after purchasing an additional 122,240 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Core & Main during the 4th quarter worth about $222,000. Institutional investors and hedge funds own 94.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Citigroup boosted their price target on Core & Main from $56.00 to $62.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft started coverage on Core & Main in a research note on Tuesday, April 1st. They set a "buy" rating and a $60.00 price target on the stock. Loop Capital boosted their price target on Core & Main from $63.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company boosted their price target on Core & Main from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.55.

Insider Activity

In related news, EVP John R. Schaller sold 9,794 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $55.00, for a total transaction of $538,670.00. Following the sale, the executive vice president now directly owns 19,689 shares in the company, valued at $1,082,895. This represents a 33.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark G. Whittenburg sold 49,100 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $60.03, for a total value of $2,947,473.00. Following the sale, the general counsel now owns 9,691 shares in the company, valued at approximately $581,750.73. This trade represents a 83.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,666 shares of company stock worth $8,770,352. Company insiders own 3.53% of the company's stock.

Core & Main Trading Up 1.7%

CNM stock opened at $60.31 on Monday. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $60.40. The firm has a market cap of $11.89 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.78 and a beta of 1.02. The business's 50 day moving average is $54.76 and its 200-day moving average is $52.42. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 1.23.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Core & Main had a return on equity of 23.55% and a net margin of 5.47%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $0.49 EPS. The company's revenue was up 9.8% compared to the same quarter last year. Equities analysts anticipate 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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