Level Four Advisory Services LLC Has $263,000 Stock Position in Core & Main, Inc. (NYSE:CNM)

Level Four Advisory Services LLC reduced its position in Core & Main, Inc. (NYSE:CNM) by 12.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,173 shares of the company’s stock after selling 755 shares during the quarter. Level Four Advisory Services LLC’s holdings in Core & Main were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in shares of Core & Main during the 4th quarter worth $1,227,000. Norges Bank acquired a new position in Core & Main during the fourth quarter worth about $99,734,000. Caisse Des Depots ET Consignations acquired a new position in Core & Main during the 4th quarter worth approximately $999,000. JPMorgan Chase & Co. lifted its stake in Core & Main by 0.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,847,032 shares of the company’s stock valued at $144,942,000 after purchasing an additional 7,633 shares during the last quarter. Finally, United Services Automobile Association lifted its stake in Core & Main by 7.9% in the 4th quarter. United Services Automobile Association now owns 12,332 shares of the company’s stock valued at $628,000 after purchasing an additional 907 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Core & Main

In other news, EVP John R. Schaller sold 60,452 shares of Core & Main stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.57, for a total value of $3,057,057.64. Following the completion of the sale, the executive vice president now owns 17,898 shares in the company, valued at $905,101.86. The trade was a 77.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Bradford A. Cowles sold 12,500 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $50.50, for a total transaction of $631,250.00. Following the transaction, the president now directly owns 16,010 shares in the company, valued at approximately $808,505. This represents a 43.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,294 shares of company stock valued at $9,383,685. 3.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CNM shares. The Goldman Sachs Group upped their price target on shares of Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Robert W. Baird dropped their target price on Core & Main from $66.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. Citigroup boosted 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. Barclays raised their price objective 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. Finally, Truist Financial boosted their target price on shares of Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.55.

Core & Main Price Performance

Shares of NYSE CNM opened at $49.36 on Wednesday. The company has a market capitalization of $9.81 billion, a PE ratio of 23.17, a P/E/G 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. Core & Main, Inc. has a twelve month low of $37.22 and a twelve month high of $62.15. The firm has a fifty day simple moving average of $51.58 and a 200 day simple moving average of $49.07.

Core & Main (NYSE:CNM) last posted 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). Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $0.34 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. On average, sell-side analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current year.

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.