Sciencast Management LP Sells 17,154 Shares of Core & Main, Inc. (NYSE:CNM)

Sciencast Management LP lessened its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 44.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,227 shares of the company’s stock after selling 17,154 shares during the quarter. Sciencast Management LP’s holdings in Core & Main were worth $1,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position in Core & Main by 51.3% during the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock valued at $41,000 after acquiring an additional 271 shares in the last quarter. UMB Bank n.a. raised its position in Core & Main by 246.0% during the fourth quarter. UMB Bank n.a. now owns 962 shares of the company’s stock valued at $49,000 after acquiring an additional 684 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Core & Main during the third quarter valued at approximately $49,000. Blue Trust Inc. raised its position in Core & Main by 187.4% during the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company’s stock valued at $65,000 after acquiring an additional 830 shares in the last quarter. Finally, R Squared Ltd bought a new position in Core & Main during the fourth quarter valued at approximately $78,000. Institutional investors own 94.19% of the company’s stock.

Insiders Place Their Bets

In other Core & Main news, General Counsel Mark G. Whittenburg sold 50,000 shares of Core & Main stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.49, for a total transaction of $2,524,500.00. Following the sale, the general counsel now owns 7,667 shares in the company, valued at $387,106.83. The trade was a 86.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Bradford A. Cowles sold 12,500 shares of Core & Main 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 sale, the president now owns 16,010 shares in the company, valued at $808,505. This represents a 43.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock worth $9,383,685 over the last 90 days. Corporate insiders own 3.49% of the company’s stock.

Core & Main Stock Down 0.7 %

CNM opened at $48.19 on Friday. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. 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 $52.32 and its two-hundred day moving average price is $48.49. The company has a market capitalization of $9.57 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.61 and a beta of 1.05.

Analyst Ratings Changes

CNM has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Barclays lifted their price target on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Robert W. Baird lifted their price target on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Citigroup lifted their price target on shares of Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Finally, Loop Capital lifted their price target on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.60.

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.