Grandeur Peak Global Advisors LLC Has $17.13 Million Holdings in Core & Main, Inc. (NYSE:CNM)

Grandeur Peak Global Advisors LLC grew its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 136.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 336,532 shares of the company's stock after purchasing an additional 194,438 shares during the period. Core & Main makes up approximately 1.5% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 14th largest holding. Grandeur Peak Global Advisors LLC owned 0.17% of Core & Main worth $17,133,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Core & Main by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 18,219,997 shares of the company's stock worth $927,580,000 after purchasing an additional 221,970 shares in the last quarter. FMR LLC boosted its holdings in Core & Main by 4.1% during the fourth quarter. FMR LLC now owns 9,055,993 shares of the company's stock worth $461,041,000 after buying an additional 358,909 shares in the last quarter. Invesco Ltd. grew its position in Core & Main by 0.8% in the fourth quarter. Invesco Ltd. now owns 5,926,569 shares of the company's stock worth $301,722,000 after buying an additional 44,513 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Core & Main by 0.5% during the 4th quarter. Bessemer Group Inc. now owns 3,835,182 shares of the company's stock valued at $195,250,000 after acquiring an additional 20,756 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of Core & Main by 1.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,810,739 shares of the company's stock worth $194,005,000 after purchasing an additional 48,833 shares during the period. 94.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Core & Main in a research report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price target for the company. Citigroup boosted their target price on shares of Core & Main from $43.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Royal Bank of Canada lowered their price target on Core & Main from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. Finally, Wells Fargo & Company increased their price objective on Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.55.

Insider Transactions at Core & Main

In related news, President Bradford A. Cowles sold 25,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $54.48, for a total value of $1,362,000.00. Following the completion of the transaction, the president now directly owns 16,010 shares in the company, valued at approximately $872,224.80. This represents a 60.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John Weldon Stephens sold 41,963 shares of Core & Main stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.48, for a total transaction of $2,118,292.24. Following the sale, the chief accounting officer now owns 4,120 shares in the company, valued at $207,977.60. This represents a 91.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,831 shares of company stock worth $4,504,152. Company insiders own 3.49% of the company's stock.

Core & Main Stock Up 2.7 %

Shares of NYSE CNM traded up $1.31 during mid-day trading on Thursday, reaching $49.95. 965,232 shares of the company traded hands, compared to its average volume of 2,289,385. The company's fifty day moving average is $49.43 and its two-hundred day moving average is $49.31. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. 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 stock has a market cap of $9.88 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05.

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