Core & Main, Inc. (NYSE:CNM) Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. lessened its stake in Core & Main, Inc. (NYSE:CNM) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,889 shares of the company’s stock after selling 1,550 shares during the quarter. Bellecapital International Ltd.’s holdings in Core & Main were worth $402,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Eagle Asset Management Inc. boosted its holdings 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 during the last quarter. Quest Partners LLC boosted its holdings in shares of Core & Main by 1,195,600.0% in the 3rd quarter. Quest Partners LLC now owns 11,957 shares of the company’s stock valued at $531,000 after purchasing an additional 11,956 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Core & Main by 70.4% in the 4th quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company’s stock valued at $174,661,000 after purchasing an additional 1,416,907 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Core & Main in the 3rd quarter valued at $774,000. Finally, South Street Advisors LLC boosted its holdings in shares of Core & Main by 36.0% in the 3rd quarter. South Street Advisors LLC now owns 234,144 shares of the company’s stock valued at $10,396,000 after purchasing an additional 61,962 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNM. Barclays lifted their target price on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Loop Capital lifted their target price on shares of 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 restated an “outperform” rating and set a $62.00 target price (up previously from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their target price on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on shares of Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $57.60.

Insider Transactions at Core & Main

In other news, General Counsel Mark G. Whittenburg sold 1,974 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total value of $109,142.46. Following the completion of the sale, the general counsel now owns 7,667 shares of the company’s stock, valued at approximately $423,908.43. The trade was a 20.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Bradford A. Cowles sold 25,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $54.48, for a total transaction of $1,362,000.00. Following the completion of the sale, the president now directly owns 16,010 shares of the company’s stock, valued at $872,224.80. The trade was a 60.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 452,426 shares of company stock valued at $24,285,825. Insiders own 3.49% of the company’s stock.

Core & Main Stock Performance

Core & Main stock opened at $51.02 on Monday. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $62.15. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03. 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 firm’s fifty day moving average price is $53.37 and its 200 day moving average price is $48.76.

Core & Main (NYSE:CNM) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

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.