Regency Capital Management Inc. DE Invests $1.02 Million in Core & Main, Inc. (NYSE:CNM)

Regency Capital Management Inc. DE purchased a new position in Core & Main, Inc. (NYSE:CNM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,060 shares of the company's stock, valued at approximately $1,017,000.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in Core & Main by 447.1% during the 1st quarter. Parallel Advisors LLC now owns 651 shares of the company's stock valued at $31,000 after purchasing an additional 532 shares in the last quarter. Rossby Financial LCC bought a new stake in Core & Main during the 1st quarter valued at $37,000. CWM LLC increased its stake in Core & Main by 34.0% during the 1st quarter. CWM LLC now owns 839 shares of the company's stock valued at $41,000 after purchasing an additional 213 shares in the last quarter. Versant Capital Management Inc increased its stake 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 purchasing an additional 1,089 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Core & Main by 30.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company's stock valued at $61,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company's stock.

Analyst Upgrades and Downgrades

CNM has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Core & Main from $54.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Royal Bank Of Canada boosted 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. Robert W. Baird lowered their target price on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Core & Main in a report on Tuesday, April 1st. They set a "buy" rating and a $60.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Core & Main from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Insider Transactions at Core & Main

In related news, CEO Mark R. Witkowski sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the chief executive officer directly owned 35,847 shares of the company's stock, valued at $2,195,987.22. This trade represents a 73.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robyn L. Bradbury sold 5,000 shares of Core & Main stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $64.51, for a total transaction of $322,550.00. Following the transaction, the chief financial officer directly owned 8,555 shares in the company, valued at $551,883.05. This trade represents a 36.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 438,659 shares of company stock valued at $26,587,301. Company insiders own 3.53% of the company's stock.

Core & Main Stock Performance

CNM traded down $0.13 during trading on Thursday, hitting $64.87. 302,819 shares of the company traded hands, compared to its average volume of 1,994,022. The firm has a market cap of $12.79 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. The stock's fifty day moving average is $58.34 and its 200 day moving average is $53.74. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 1.23. Core & Main, Inc. has a one year low of $37.22 and a one year high of $65.88.

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

Core & Main 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.