Amundi Raises Holdings in Core & Main, Inc. (NYSE:CNM)

Amundi raised its position in shares of Core & Main, Inc. (NYSE:CNM) by 5.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,659,261 shares of the company’s stock after buying an additional 196,828 shares during the quarter. Amundi’s holdings in Core & Main were worth $186,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNM. Eagle Asset Management Inc. lifted its stake in shares of Core & Main by 2.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,720,496 shares of the company’s stock valued at $74,979,000 after purchasing an additional 44,282 shares in the last quarter. Quest Partners LLC lifted its position in Core & Main by 1,195,600.0% during the third quarter. Quest Partners LLC now owns 11,957 shares of the company’s stock valued at $531,000 after buying an additional 11,956 shares in the last quarter. Impax Asset Management Group plc grew its stake in Core & Main by 70.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company’s stock worth $174,661,000 after buying an additional 1,416,907 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Core & Main during the third quarter worth approximately $774,000. Finally, South Street Advisors LLC increased its position in shares of Core & Main by 36.0% in the third quarter. South Street Advisors LLC now owns 234,144 shares of the company’s stock worth $10,396,000 after acquiring an additional 61,962 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Loop Capital raised their target price on Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price (up previously from $53.00) on shares of Core & Main in a research report on Wednesday, December 4th. Barclays upped their price target on Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Citigroup raised their target price on shares of Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Robert W. Baird boosted their price target on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Core & Main has a consensus rating of “Moderate Buy” and a consensus price target of $57.60.

Core & Main Stock Performance

CNM opened at $47.89 on Monday. The business has a 50 day moving average price of $53.03 and a two-hundred day moving average price of $48.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 1-year low of $37.22 and a 1-year high of $62.15.

Insider Transactions at Core & Main

In related news, President Bradford A. Cowles sold 25,000 shares of Core & Main 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 transaction, the president now directly owns 16,010 shares in the company, valued at $872,224.80. The trade was a 60.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Schaller sold 60,452 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.57, for a total value of $3,057,057.64. Following the sale, the executive vice president now owns 17,898 shares in the company, valued at approximately $905,101.86. The trade was a 77.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,426 shares of company stock valued at $8,359,825. Corporate insiders own 3.49% of the company’s stock.

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.