Swiss National Bank Has $17.80 Million Stock Holdings in Core & Main, Inc. $CNM

Swiss National Bank lowered its holdings in Core & Main, Inc. (NYSE:CNM - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,500 shares of the company's stock after selling 10,400 shares during the quarter. Swiss National Bank owned 0.19% of Core & Main worth $17,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNM. First Trust Advisors LP raised its stake in shares of Core & Main by 38.4% in the fourth quarter. First Trust Advisors LP now owns 3,328,182 shares of the company's stock worth $169,438,000 after acquiring an additional 923,287 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Core & Main by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,988,042 shares of the company's stock worth $101,209,000 after buying an additional 133,065 shares during the last quarter. Artemis Investment Management LLP raised its stake in shares of Core & Main by 109.6% during the first quarter. Artemis Investment Management LLP now owns 1,791,935 shares of the company's stock worth $86,568,000 after buying an additional 936,863 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Core & Main by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,781,525 shares of the company's stock valued at $86,065,000 after purchasing an additional 114,760 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Core & Main by 15.3% in the fourth quarter. Northern Trust Corp now owns 1,758,965 shares of the company's stock worth $89,549,000 after purchasing an additional 233,979 shares during the period. Institutional investors own 94.19% of the company's stock.

Core & Main Stock Down 0.5%

Shares of NYSE:CNM traded down $0.29 during trading on Monday, hitting $63.83. 473,316 shares of the company were exchanged, compared to its average volume of 1,970,400. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.89 and a beta of 1.04. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $65.97. The firm has a fifty day moving average price of $61.54 and a two-hundred day moving average price of $54.92. 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 (NYSE:CNM - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.84 billion. Core & Main had a return on equity of 23.55% and a net margin of 5.47%. The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, research analysts anticipate that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CNM. JPMorgan Chase & Co. lifted their price target on shares of Core & Main from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Loop Capital reissued a "hold" rating and set a $68.00 price target on shares of Core & Main in a research report on Monday, July 28th. Royal Bank Of Canada lifted their price target on shares of Core & Main from $60.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Wells Fargo & Company lifted their price objective on Core & Main from $65.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Citigroup increased their target price on Core & Main from $56.00 to $62.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $60.00.

Insider Transactions at Core & Main

In other Core & Main news, insider Stephen O. Leclair sold 44,972 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $61.91, for a total value of $2,784,216.52. Following the completion of the sale, the insider owned 70,736 shares in the company, valued at $4,379,265.76. This trade represents a 38.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Orvin T. Kimbrough sold 23,962 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $61.77, for a total transaction of $1,480,132.74. Following the completion of the sale, the director owned 13,958 shares of the company's stock, valued at approximately $862,185.66. This represents a 63.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 428,445 shares of company stock valued at $26,045,755. 3.53% of the stock is owned by company 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.