Yousif Capital Management LLC Buys New Position in Core & Main, Inc. (NYSE:CNM)

Yousif Capital Management LLC acquired a new stake in Core & Main, Inc. (NYSE:CNM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 58,063 shares of the company's stock, valued at approximately $2,346,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Core & Main by 14.3% during the third quarter. Vanguard Group Inc. now owns 9,490,896 shares of the company's stock worth $273,812,000 after buying an additional 1,187,700 shares during the last quarter. FMR LLC increased its holdings in Core & Main by 51.1% during the third quarter. FMR LLC now owns 7,865,719 shares of the company's stock worth $226,926,000 after buying an additional 2,660,097 shares during the last quarter. Robeco Schweiz AG increased its holdings in Core & Main by 7.6% during the third quarter. Robeco Schweiz AG now owns 2,925,109 shares of the company's stock worth $84,389,000 after buying an additional 206,509 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Core & Main by 180.1% during the fourth quarter. Handelsbanken Fonder AB now owns 2,707,385 shares of the company's stock worth $109,405,000 after buying an additional 1,740,685 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Core & Main by 22.7% in the third quarter. Invesco Ltd. now owns 2,493,056 shares of the company's stock valued at $71,925,000 after purchasing an additional 461,393 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Core & Main Trading Up 1.0 %

Shares of Core & Main stock traded up $0.59 on Wednesday, hitting $57.06. The stock had a trading volume of 1,561,845 shares, compared to its average volume of 2,760,455. The stock has a 50 day moving average of $53.64 and a 200 day moving average of $43.15. Core & Main, Inc. has a twelve month low of $25.94 and a twelve month high of $60.83. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.30 and a current ratio of 2.29. The firm has a market capitalization of $11.49 billion, a P/E ratio of 26.54, a PEG ratio of 1.77 and a beta of 1.15.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings data on Tuesday, March 19th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Core & Main had a return on equity of 18.22% and a net margin of 5.54%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Sell-side analysts expect that Core & Main, Inc. will post 2.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Core & Main from $59.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, March 20th. The Goldman Sachs Group upped their price objective on shares of Core & Main from $42.00 to $61.00 and gave the company a "neutral" rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. upped their price objective on shares of Core & Main from $38.00 to $54.00 and gave the company an "overweight" rating in a report on Tuesday, March 19th. Citigroup downgraded shares of Core & Main from a "buy" rating to a "neutral" rating and upped their price objective for the company from $63.00 to $64.00 in a report on Friday, April 5th. Finally, Barclays upped their price objective on shares of Core & Main from $49.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $50.08.

Insiders Place Their Bets

In related news, CAO John Weldon Stephens sold 9,497 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.19, for a total value of $524,139.43. Following the transaction, the chief accounting officer now directly owns 4,281 shares in the company, valued at approximately $236,268.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Core & Main news, CEO Stephen O. Leclair sold 150,000 shares of Core & Main stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.14, for a total transaction of $6,621,000.00. Following the transaction, the chief executive officer now directly owns 73,692 shares of the company's stock, valued at approximately $3,252,764.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John Weldon Stephens sold 9,497 shares of Core & Main stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.19, for a total transaction of $524,139.43. Following the transaction, the chief accounting officer now directly owns 4,281 shares in the company, valued at $236,268.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 520,500 shares of company stock worth $25,511,067. Corporate insiders own 3.49% of the company's stock.

Core & Main Company 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.