Core & Main, Inc. (NYSE:CNM) is Robeco Schweiz AG's 10th Largest Position

Robeco Schweiz AG decreased its holdings in Core & Main, Inc. (NYSE:CNM - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,817,344 shares of the company's stock after selling 324,419 shares during the period. Core & Main comprises approximately 2.2% of Robeco Schweiz AG's portfolio, making the stock its 10th largest position. Robeco Schweiz AG owned 0.92% of Core & Main worth $87,796,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Core & Main in the 4th quarter valued at approximately $99,734,000. Federated Hermes Inc. grew its stake in shares of Core & Main by 4,757.9% during the fourth quarter. Federated Hermes Inc. now owns 1,138,346 shares of the company's stock worth $57,953,000 after purchasing an additional 1,114,913 shares in the last quarter. Artemis Investment Management LLP increased its holdings in Core & Main by 109.6% in the first quarter. Artemis Investment Management LLP now owns 1,791,935 shares of the company's stock valued at $86,568,000 after buying an additional 936,863 shares during the last quarter. First Trust Advisors LP raised its stake in Core & Main by 38.4% in the fourth quarter. First Trust Advisors LP now owns 3,328,182 shares of the company's stock valued at $169,438,000 after buying an additional 923,287 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Core & Main by 1,259.4% in the fourth quarter. Schroder Investment Management Group now owns 556,891 shares of the company's stock valued at $28,351,000 after buying an additional 515,925 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company's stock.

Core & Main Stock Performance

Shares of NYSE CNM traded down $0.70 during midday trading on Friday, reaching $61.57. 2,406,812 shares of the company were exchanged, compared to its average volume of 2,298,140. 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, Inc. has a 1 year low of $37.22 and a 1 year high of $63.25. The stock has a fifty day simple moving average of $56.75 and a 200 day simple moving average of $53.14. The stock has a market cap of $12.14 billion, a P/E ratio of 28.64, a PEG ratio of 1.82 and a beta of 1.04.

Core & Main (NYSE:CNM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.52 earnings per share for the quarter, hitting analysts' consensus estimates of $0.52. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.49 EPS. On average, research analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Insider Activity

In other Core & Main news, EVP John R. Schaller sold 9,794 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $55.00, for a total transaction of $538,670.00. Following the completion of the transaction, the executive vice president owned 19,689 shares in the company, valued at approximately $1,082,895. This represents a 33.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robyn L. Bradbury sold 25,000 shares of Core & Main stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $60.49, for a total transaction of $1,512,250.00. Following the completion of the sale, the chief financial officer directly owned 8,555 shares in the company, valued at approximately $517,491.95. The trade was a 74.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 265,703 shares of company stock valued at $15,931,870. 3.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CNM shares. Royal Bank Of Canada increased their price objective on Core & Main from $60.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, June 10th. Wells Fargo & Company upped their price target on Core & Main from $65.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday. Robert W. Baird cut their price objective on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. upped their target price on shares of Core & Main from $54.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Core & Main in a research report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Core & Main presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Core & Main 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.