Boston Trust Walden Corp Buys Shares of 202,570 Core & Main, Inc. (NYSE:CNM)

Boston Trust Walden Corp bought a new stake in shares of Core & Main, Inc. (NYSE:CNM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 202,570 shares of the company's stock, valued at approximately $9,786,000. Boston Trust Walden Corp owned approximately 0.10% of Core & Main as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of Core & Main by 447.1% during the first quarter. Parallel Advisors LLC now owns 651 shares of the company's stock valued at $31,000 after purchasing an additional 532 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Core & Main by 1,491.8% during the first quarter. Versant Capital Management Inc now owns 1,162 shares of the company's stock valued at $56,000 after purchasing an additional 1,089 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Core & Main by 30.1% during 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 during the last quarter. Blue Trust Inc. lifted its holdings in shares of Core & Main by 187.4% during 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 last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Core & Main during the fourth quarter valued at $75,000. Institutional investors own 94.19% of the company's stock.

Analysts Set New Price Targets

CNM has been the subject of several analyst reports. Robert W. Baird reduced their target price on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company increased their price objective on Core & Main from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 10th. Citigroup increased their price objective on Core & Main from $56.00 to $62.00 and gave the stock 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 issued a "buy" rating and a $60.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price target on Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.55.

Core & Main Stock Up 2.2%

NYSE:CNM traded up $1.24 during mid-day trading on Monday, reaching $58.30. The stock had a trading volume of 1,439,990 shares, compared to its average volume of 2,285,793. The business's 50 day moving average is $53.95 and its 200 day moving average is $52.23. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $60.38. The stock has a market cap of $11.49 billion, a P/E ratio of 27.12, a PEG ratio of 1.68 and a beta of 1.02. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.96 and a quick ratio of 1.10.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.84 billion. Core & Main had a return on equity of 23.55% and a net margin of 5.47%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, sell-side analysts predict that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Activity

In other Core & Main news, General Counsel Mark G. Whittenburg sold 49,100 shares of the firm's 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 of the company's stock, valued at $581,750.73. This trade represents a 83.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO John Weldon Stephens sold 10,214 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $53.02, for a total value of $541,546.28. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,666 shares of company stock valued at $8,770,352. Insiders own 3.53% of the company's stock.

Core & Main Company 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.