iSAM Funds UK Ltd Buys Shares of 7,705 Core & Main, Inc. (NYSE:CNM)

iSAM Funds UK Ltd acquired a new stake in Core & Main, Inc. (NYSE:CNM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,705 shares of the company's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Avior Wealth Management LLC increased its holdings in shares of Core & Main by 51.3% during the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock valued at $41,000 after purchasing an additional 271 shares in the last quarter. UMB Bank n.a. increased its holdings in Core & Main by 246.0% in the fourth quarter. UMB Bank n.a. now owns 962 shares of the company's stock valued at $49,000 after buying an additional 684 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of 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 acquiring an additional 278 shares during the period. Blue Trust Inc. boosted its stake in shares of Core & Main by 187.4% during the 4th quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock worth $65,000 after acquiring an additional 830 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Core & Main during the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 94.19% of the company's stock.

Analyst Ratings Changes

CNM has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. 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 research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Core & Main in a report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price target for the company. Finally, Royal Bank of Canada cut their target price on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. 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 stock. According to MarketBeat, Core & Main has a consensus rating of "Moderate Buy" and a consensus target price of $57.55.

Core & Main Stock Down 0.3%

CNM stock traded down $0.16 during mid-day trading on Monday, reaching $53.07. The company had a trading volume of 920,811 shares, compared to its average volume of 2,320,428. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $60.12. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. The firm has a fifty day simple moving average of $50.43 and a 200 day simple moving average of $50.80.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. Core & Main's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. Analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Insider Transactions at Core & Main

In related news, CAO John Weldon Stephens sold 10,214 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $53.02, for a total transaction of $541,546.28. Following the completion of the sale, the chief accounting officer now owns 4,120 shares in the company, valued at $218,442.40. This represents a 71.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Schaller sold 21,868 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $46.82, for a total transaction of $1,023,859.76. Following the completion of the sale, the executive vice president now directly owns 16,452 shares of the company's stock, valued at $770,282.64. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,045 shares of company stock worth $3,683,698. 3.53% of the stock is currently owned by insiders.

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.