5,785 Shares in Core & Main, Inc. (NYSE:CNM) Acquired by Quarry LP

Quarry LP acquired a new stake in Core & Main, Inc. (NYSE:CNM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,785 shares of the company's stock, valued at approximately $295,000.

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

Insider Activity

In other Core & Main news, President Bradford A. Cowles sold 25,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $54.48, for a total transaction of $1,362,000.00. Following the completion of the transaction, the president now owns 16,010 shares in the company, valued at $872,224.80. This trade represents a 60.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO John Weldon Stephens sold 10,214 shares of Core & Main stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $53.02, for a total transaction of $541,546.28. Following the completion of the transaction, the chief accounting officer now owns 4,120 shares of the company's stock, valued at $218,442.40. The trade was a 71.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,045 shares of company stock valued at $5,045,698 in the last 90 days. Insiders own 3.49% of the company's stock.

Core & Main Stock Performance

CNM stock traded up $0.83 during midday trading on Friday, hitting $53.85. The company's stock had a trading volume of 1,172,296 shares, compared to its average volume of 2,298,299. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.61 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The stock's 50-day moving average price is $49.05 and its 200 day moving average price is $49.96. Core & Main, Inc. has a 1 year low of $37.22 and a 1 year high of $62.15.

Core & Main (NYSE:CNM - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.67 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. Core & Main's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. On average, equities analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current year.

Analyst Ratings Changes

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

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.