DekaBank Deutsche Girozentrale Has $697,000 Position in Core & Main, Inc. (NYSE:CNM)

DekaBank Deutsche Girozentrale cut its position in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 47.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,429 shares of the company's stock after selling 12,847 shares during the period. DekaBank Deutsche Girozentrale's holdings in Core & Main were worth $697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Core & Main by 12.3% during the 4th quarter. US Bancorp DE now owns 1,795 shares of the company's stock valued at $91,000 after purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Core & Main in the fourth quarter valued at about $122,000. Swiss National Bank lifted its stake in shares of Core & Main by 0.6% during the 4th quarter. Swiss National Bank now owns 378,900 shares of the company's stock worth $19,290,000 after buying an additional 2,400 shares during the last quarter. Gitterman Wealth Management LLC boosted its holdings in shares of Core & Main by 16.0% during the 4th quarter. Gitterman Wealth Management LLC now owns 12,097 shares of the company's stock worth $616,000 after buying an additional 1,673 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Core & Main by 9.2% in the 4th 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 last quarter. 94.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CNM shares. Citigroup boosted their price objective on Core & Main from $56.00 to $62.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft began coverage on Core & Main in a report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price objective on the stock. Wells Fargo & Company lifted their target price on Core & Main from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Royal Bank Of Canada upped their price target on shares of Core & Main from $60.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Finally, Loop Capital lifted their price objective 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. One 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's stock. According to data from MarketBeat.com, Core & Main has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Insider Activity at Core & Main

In other Core & Main news, General Counsel Mark G. Whittenburg sold 49,100 shares of Core & Main stock in a transaction dated 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 transaction, the general counsel owned 9,691 shares in the company, valued at $581,750.73. The trade was a 83.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen O. Leclair sold 80,028 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $62.27, for a total transaction of $4,983,343.56. Following the completion of the transaction, the insider directly owned 70,736 shares of the company's stock, valued at $4,404,730.72. This trade represents a 53.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 265,703 shares of company stock worth $15,931,870 in the last three months. Insiders own 3.53% of the company's stock.

Core & Main Price Performance

CNM stock traded up $1.35 during mid-day trading on Thursday, hitting $61.84. The stock had a trading volume of 2,211,978 shares, compared to its average volume of 2,289,702. The firm has a fifty day simple moving average of $57.48 and a 200 day simple moving average of $53.39. The firm has a market capitalization of $12.19 billion, a P/E ratio of 28.76, a P/E/G ratio of 1.79 and a beta of 1.04. 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 $63.25.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. Core & Main had a net margin of 5.47% and a return on equity of 23.55%. The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the firm posted $0.49 earnings per share. The firm'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.

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.