Public Employees Retirement System of Ohio Sells 5,276 Shares of Core & Main, Inc. (NYSE:CNM)

Public Employees Retirement System of Ohio reduced its holdings in Core & Main, Inc. (NYSE:CNM - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,197 shares of the company's stock after selling 5,276 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Core & Main worth $6,119,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CNM. Avior Wealth Management LLC raised its holdings in shares of Core & Main by 51.3% in the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company's stock valued at $41,000 after buying an additional 271 shares during the period. Fifth Third Bancorp raised its stake in Core & Main by 2.8% during the 4th quarter. Fifth Third Bancorp now owns 13,589 shares of the company's stock valued at $692,000 after acquiring an additional 374 shares during the last quarter. Blue Trust Inc. raised its stake in Core & Main by 187.4% during the 4th quarter. Blue Trust Inc. now owns 1,273 shares of the company's stock valued at $65,000 after acquiring an additional 830 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Core & Main during the 4th quarter worth approximately $2,702,000. Finally, R Squared Ltd acquired a new stake in shares of Core & Main in the 4th quarter worth approximately $78,000. 94.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 transaction, the executive vice president now owns 16,452 shares of the company's stock, valued at $770,282.64. This represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO John Weldon Stephens sold 41,963 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $50.48, for a total value of $2,118,292.24. Following the completion of the transaction, the chief accounting officer now owns 4,120 shares of the company's stock, valued at approximately $207,977.60. This represents a 91.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,839 shares of company stock worth $4,222,368. Corporate insiders own 3.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on Core & Main in a report on Tuesday, April 1st. They set a "buy" rating and a $60.00 target price for the company. JPMorgan Chase & Co. increased their price objective on Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Robert W. Baird decreased their price target 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. Finally, Royal Bank of Canada cut their price objective on Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Core & Main has a consensus rating of "Moderate Buy" and a consensus price target of $57.91.

Core & Main Trading Up 0.1%

NYSE CNM traded up $0.07 during trading on Friday, hitting $54.80. The company had a trading volume of 2,320,463 shares, compared to its average volume of 2,335,945. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The company's fifty day moving average is $50.97 and its 200-day moving average is $51.21. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. Core & Main, Inc. has a one year low of $37.22 and a one year high of $58.29.

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