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

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Core & Main by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 786,744 shares of the company's stock worth $40,053,000 after buying an additional 97,005 shares during the period. Woodline Partners LP lifted its stake in Core & Main by 64.5% in the fourth quarter. Woodline Partners LP now owns 310,014 shares of the company's stock worth $15,783,000 after acquiring an additional 121,538 shares during the period. iSAM Funds UK Ltd bought a new position in Core & Main during the 4th quarter worth about $392,000. Vident Advisory LLC purchased a new position in Core & Main during the 4th quarter valued at about $215,000. Finally, Squarepoint Ops LLC increased its position in Core & Main by 597.2% during the 4th quarter. Squarepoint Ops LLC now owns 63,646 shares of the company's stock valued at $3,240,000 after purchasing an additional 76,446 shares during the period. Institutional investors own 94.19% of the company's stock.

Insider Activity at Core & Main

In other Core & Main news, CAO John Weldon Stephens sold 41,963 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,120 shares in the company, valued at approximately $207,977.60. This represents a 91.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Schaller sold 21,868 shares of Core & Main stock in a transaction on Monday, March 10th. The stock was sold at an average price of $46.82, for a total transaction of $1,023,859.76. Following the sale, the executive vice president now owns 16,452 shares of the company's stock, valued at $770,282.64. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,045 shares of company stock valued at $3,683,698 in the last three months. 3.53% of the stock is owned by insiders.

Core & Main Stock Down 0.3%

CNM stock traded down $0.16 on Monday, hitting $53.07. 920,811 shares of the company's stock were exchanged, compared to its average volume of 2,320,428. The firm has a 50 day moving average price of $50.43 and a two-hundred day moving average price of $50.80. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $60.12. The stock has a market cap of $10.50 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. 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 issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $0.34 EPS. Core & Main's revenue was up 17.9% compared to the same quarter last year. As a group, equities research analysts expect that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

CNM has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Robert W. Baird dropped their target price on Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft started coverage on Core & Main in a report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. One 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. According to data from MarketBeat, the company 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.