Bank Julius Baer & Co. Ltd Zurich Has $3.68 Million Stock Holdings in Core & Main, Inc. (NYSE:CNM)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Core & Main, Inc. (NYSE:CNM - Free Report) by 67.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,023 shares of the company's stock after selling 153,703 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Core & Main were worth $3,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CNM. Corient Private Wealth LLC boosted its holdings in shares of Core & Main by 9.2% in the fourth quarter. Corient Private Wealth LLC now owns 7,117 shares of the company's stock valued at $362,000 after buying an additional 599 shares during the period. Teacher Retirement System of Texas lifted its stake in Core & Main by 104.2% in the fourth quarter. Teacher Retirement System of Texas now owns 50,670 shares of the company's stock valued at $2,580,000 after acquiring an additional 25,851 shares during the last quarter. American Century Companies Inc. lifted its stake in Core & Main by 6.3% in the fourth quarter. American Century Companies Inc. now owns 1,384,886 shares of the company's stock valued at $70,505,000 after acquiring an additional 81,706 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Core & Main in the fourth quarter valued at $1,985,000. Finally, LPL Financial LLC lifted its stake in Core & Main by 16.1% in the fourth quarter. LPL Financial LLC now owns 17,757 shares of the company's stock valued at $904,000 after acquiring an additional 2,461 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company's stock.

Core & Main Price Performance

CNM stock traded up $0.56 during mid-day trading on Friday, hitting $65.73. The stock had a trading volume of 1,535,613 shares, compared to its average volume of 1,800,000. 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 52 week low of $37.22 and a 52 week high of $65.94. The firm has a market capitalization of $12.96 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.94 and a beta of 1.04. The firm has a fifty day simple moving average of $58.82 and a 200 day simple moving average of $53.95.

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

Insider Buying and Selling

In other news, Director James G. Castellano sold 43,994 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $61.98, for a total value of $2,726,748.12. Following the sale, the director directly owned 4,638 shares in the company, valued at approximately $287,463.24. This trade represents a 90.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robyn L. Bradbury sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $64.51, for a total transaction of $322,550.00. Following the completion of the sale, the chief financial officer owned 8,555 shares in the company, valued at approximately $551,883.05. The trade was a 36.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 438,659 shares of company stock worth $26,587,301 in the last quarter. Corporate insiders own 3.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNM. Loop Capital raised their target price on shares of Core & Main from $63.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Royal Bank Of Canada raised their target price on shares of Core & Main from $60.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. raised their target price on shares of Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Citigroup raised their target price on shares of Core & Main from $56.00 to $62.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company raised their target price on shares of Core & Main from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Core & Main currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

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.