Peregrine Capital Management LLC Sells 119,506 Shares of Core & Main, Inc. (NYSE:CNM)

Peregrine Capital Management LLC decreased its holdings in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,608 shares of the company's stock after selling 119,506 shares during the quarter. Peregrine Capital Management LLC owned about 0.12% of Core & Main worth $10,693,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CNM. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Core & Main during the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC bought a new position in Core & Main during the 3rd quarter worth approximately $33,000. Money Concepts Capital Corp bought a new position in Core & Main during the 4th quarter worth approximately $39,000. Kepos Capital LP bought a new position in Core & Main during the 3rd quarter worth approximately $41,000. Finally, PNC Financial Services Group Inc. bought a new position in Core & Main during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 94.19% of the company's stock.

Insider Transactions at Core & Main

In other news, VP John Weldon Stephens sold 1,100 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $50.02, for a total value of $55,022.00. Following the sale, the vice president now owns 3,468 shares of the company's stock, valued at $173,469.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP John Weldon Stephens sold 1,100 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $55,022.00. Following the transaction, the vice president now directly owns 3,468 shares in the company, valued at $173,469.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the business's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $57.91, for a total transaction of $2,895,500.00. Following the transaction, the general counsel now owns 12,933 shares in the company, valued at $748,950.03. The disclosure for this sale can be found here. Insiders have sold a total of 46,334,043 shares of company stock valued at $1,836,262,410 over the last 90 days. 3.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Core & Main from $59.00 to $60.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 20th. The Goldman Sachs Group lifted their price objective on shares of Core & Main from $42.00 to $61.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 26th. Citigroup lowered shares of Core & Main from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $63.00 to $64.00 in a research note on Friday. Barclays lifted their price objective on shares of Core & Main from $49.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 20th. Finally, Loop Capital lifted their price objective on shares of Core & Main from $58.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.08.

Core & Main Stock Down 2.4 %

CNM traded down $1.40 during trading on Tuesday, reaching $57.22. The company had a trading volume of 2,835,180 shares, compared to its average volume of 3,083,201. The business's fifty day moving average price is $49.49 and its 200 day moving average price is $40.18. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.29 and a quick ratio of 1.30. The company has a market cap of $11.52 billion, a P/E ratio of 26.61, a PEG ratio of 1.92 and a beta of 1.15. Core & Main, Inc. has a 12 month low of $21.87 and a 12 month high of $60.83.

Core & Main (NYSE:CNM - Get Free Report) last announced its quarterly earnings data on Tuesday, March 19th. The company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Core & Main had a net margin of 5.54% and a return on equity of 18.22%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities analysts anticipate that Core & Main, Inc. will post 2.58 EPS for the current year.

Core & Main Profile

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.