Core & Main, Inc. (NYSE:CNM) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP grew its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 109.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,791,935 shares of the company's stock after acquiring an additional 936,863 shares during the quarter. Core & Main comprises about 1.3% of Artemis Investment Management LLP's investment portfolio, making the stock its 15th largest holding. Artemis Investment Management LLP owned about 0.91% of Core & Main worth $86,568,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. US Bancorp DE grew its holdings in Core & Main by 12.3% during the fourth quarter. US Bancorp DE now owns 1,795 shares of the company's stock worth $91,000 after acquiring an additional 197 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Core & Main by 3.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,106 shares of the company's stock worth $343,000 after acquiring an additional 229 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Core & Main by 30.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company's stock worth $61,000 after buying an additional 278 shares during the last quarter. State of Alaska Department of Revenue increased its position in Core & Main by 1.5% during the first quarter. State of Alaska Department of Revenue now owns 22,285 shares of the company's stock worth $1,076,000 after buying an additional 330 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Core & Main by 0.6% in the 4th quarter. Arizona State Retirement System now owns 55,910 shares of the company's stock worth $2,846,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 94.19% of the company's stock.

Core & Main Trading Up 0.7%

Shares of CNM stock opened at $59.34 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 1.23. The firm has a 50 day moving average price of $54.55 and a two-hundred day moving average price of $52.37. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $60.38. The company has a market capitalization of $11.70 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.74 and a beta of 1.02.

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

Insider Buying and Selling

In other Core & Main news, General Counsel Mark G. Whittenburg sold 900 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $60.03, for a total value of $54,027.00. Following the completion of the transaction, the general counsel now owns 9,691 shares of the company's stock, valued at $581,750.73. The trade was a 8.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Schaller sold 9,794 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $55.00, for a total value of $538,670.00. Following the completion of the sale, the executive vice president now directly owns 19,689 shares of the company's stock, valued at approximately $1,082,895. This represents a 33.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,666 shares of company stock worth $8,770,352. 3.53% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on CNM shares. Loop Capital lifted their price target on Core & Main from $63.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Robert W. Baird dropped their target price on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company increased 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. JPMorgan Chase & Co. lifted their price objective on Core & Main from $54.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Finally, Royal Bank Of Canada upped their price target on Core & Main from $60.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. One equities research 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. Based on data from MarketBeat, Core & Main presently has a consensus rating of "Moderate Buy" and an average price target of $59.55.

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.

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