8,185 Shares in Core & Main, Inc. (NYSE:CNM) Acquired by PharVision Advisers LLC

PharVision Advisers LLC purchased a new stake in Core & Main, Inc. (NYSE:CNM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,185 shares of the company's stock, valued at approximately $417,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CNM. US Bancorp DE grew its stake 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 acquiring an additional 197 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Core & Main by 51.3% during 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 last quarter. Quadrant Capital Group LLC grew its position in 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 in the last quarter. CIBC Asset Management Inc increased its stake in Core & Main by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 5,871 shares of the company's stock valued at $299,000 after buying an additional 287 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Core & Main by 0.6% during the 4th quarter. Arizona State Retirement System now owns 55,910 shares of the company's stock worth $2,846,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company's stock.

Core & Main Stock Performance

Shares of CNM stock opened at $53.46 on Wednesday. Core & Main, Inc. has a 52 week low of $37.22 and a 52 week high of $61.27. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.61 and a beta of 1.04. The company has a 50-day simple moving average of $50.11 and a 200 day simple moving average of $50.60. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14.

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

Insider Activity at Core & Main

In other news, EVP John R. Schaller sold 21,868 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the transaction, the executive vice president now directly owns 16,452 shares in the company, valued at approximately $770,282.64. The trade was a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO John Weldon Stephens sold 10,214 shares of Core & Main 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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 74,045 shares of company stock worth $3,683,698. Corporate insiders own 3.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNM. Deutsche Bank Aktiengesellschaft initiated coverage on Core & Main in a research report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 target price on the stock. Robert W. Baird dropped their price objective on Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 26th. Royal Bank of Canada decreased their target price on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company upped their price target on shares of Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Core & Main presently has an average rating of "Moderate Buy" and a consensus price target of $57.55.

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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