Core & Main, Inc. (NYSE:CNM) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its stake in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,904 shares of the company's stock after buying an additional 6,513 shares during the period. Peregrine Capital Management LLC owned about 0.11% of Core & Main worth $10,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of Core & Main by 447.1% during the 1st quarter. Parallel Advisors LLC now owns 651 shares of the company's stock worth $31,000 after buying an additional 532 shares during the last quarter. Versant Capital Management Inc increased its holdings in Core & Main by 1,491.8% during the 1st quarter. Versant Capital Management Inc now owns 1,162 shares of the company's stock valued at $56,000 after acquiring an additional 1,089 shares in the last quarter. Quadrant Capital Group LLC raised its position in Core & Main by 30.1% during 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 last quarter. Ancora Advisors LLC purchased a new stake in shares of Core & Main in the fourth quarter valued at about $75,000. Finally, US Bancorp DE grew its position in shares of Core & Main by 12.3% in the fourth 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. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CNM shares. Deutsche Bank Aktiengesellschaft assumed coverage on Core & Main in a research note on Tuesday, April 1st. They issued a "buy" rating and a $60.00 target price on the stock. Robert W. Baird cut their price target on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Royal Bank Of Canada lifted their price objective on Core & Main from $60.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Citigroup upped their target price on shares of Core & Main from $56.00 to $62.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Finally, Wells Fargo & Company raised their price target on shares of Core & Main from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.55.

Insider Activity at Core & Main

In other Core & Main news, EVP John R. Schaller sold 9,794 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $55.00, for a total transaction of $538,670.00. Following the completion of the sale, the executive vice president directly owned 19,689 shares in the company, valued at $1,082,895. This represents a 33.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Mark G. Whittenburg sold 49,100 shares of Core & Main stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $60.03, for a total value of $2,947,473.00. Following the completion of the transaction, the general counsel directly owned 9,691 shares in the company, valued at $581,750.73. This represents a 83.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,666 shares of company stock valued at $8,770,352 over the last quarter. 3.53% of the stock is currently owned by corporate insiders.

Core & Main Trading Down 0.2%

Shares of NYSE CNM traded down $0.12 on Monday, reaching $60.24. 1,824,654 shares of the company traded hands, compared to its average volume of 2,280,782. The stock has a market capitalization of $11.88 billion, a PE ratio of 28.02, a P/E/G ratio of 1.78 and a beta of 1.02. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $61.06. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $54.76 and a 200 day moving average of $52.42.

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

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.