Silvercrest Asset Management Group LLC Has $39.62 Million Stock Position in Core & Main, Inc. (NYSE:CNM)

Silvercrest Asset Management Group LLC trimmed its stake in shares of Core & Main, Inc. (NYSE:CNM - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 778,182 shares of the company's stock after selling 12,992 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.39% of Core & Main worth $39,617,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in 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 last quarter. FMR LLC boosted its stake in Core & Main by 4.1% during the 4th quarter. FMR LLC now owns 9,055,993 shares of the company's stock valued at $461,041,000 after acquiring an additional 358,909 shares during the last quarter. Invesco Ltd. boosted its stake in Core & Main by 0.8% during the 4th quarter. Invesco Ltd. now owns 5,926,569 shares of the company's stock valued at $301,722,000 after acquiring an additional 44,513 shares during the last quarter. Bessemer Group Inc. boosted its stake in 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. boosted its stake in Core & Main by 1.3% during 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 acquiring an additional 48,833 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors.

Core & Main Stock Performance

NYSE:CNM traded up $0.17 during mid-day trading on Tuesday, hitting $53.46. The stock had a trading volume of 1,368,590 shares, compared to its average volume of 2,312,226. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.61 and a beta of 1.04. The company has a 50 day simple moving average of $49.97 and a 200-day simple moving average of $50.58. Core & Main, Inc. has a 52 week low of $37.22 and a 52 week high of $61.27. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNM. Deutsche Bank Aktiengesellschaft began 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 on the stock. Royal Bank of Canada reduced their price target on shares of Core & Main from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Robert W. Baird reduced their price target on shares of Core & Main from $66.00 to $65.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company raised their price target on shares of Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. One 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. Based on data from MarketBeat, Core & Main has a consensus rating of "Moderate Buy" and a consensus price target of $57.55.

Insider Buying and Selling at Core & Main

In related news, CAO John Weldon Stephens sold 10,214 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $53.02, for a total value of $541,546.28. Following the sale, the chief accounting officer now directly owns 4,120 shares in the company, valued at $218,442.40. The trade was a 71.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Schaller sold 21,868 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $46.82, for a total transaction of $1,023,859.76. Following the sale, the executive vice president now owns 16,452 shares of the company's stock, valued at $770,282.64. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,045 shares of company stock valued at $3,683,698. Company insiders own 3.49% of the company's stock.

Core & Main 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.