Crossmark Global Holdings Inc. Sells 19,400 Shares of Core & Main, Inc. (NYSE:CNM)

Crossmark Global Holdings Inc. trimmed its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 41.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,730 shares of the company’s stock after selling 19,400 shares during the period. Crossmark Global Holdings Inc.’s holdings in Core & Main were worth $1,231,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CNM. American International Group Inc. lifted its stake in Core & Main by 22.3% during the first quarter. American International Group Inc. now owns 225,823 shares of the company’s stock worth $12,928,000 after purchasing an additional 41,229 shares during the period. Lord Abbett & CO. LLC boosted its stake in Core & Main by 60.6% in the 1st quarter. Lord Abbett & CO. LLC now owns 836,211 shares of the company’s stock valued at $47,873,000 after buying an additional 315,411 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Core & Main by 370.9% in the 1st quarter. Lazard Asset Management LLC now owns 273,561 shares of the company’s stock valued at $15,661,000 after buying an additional 215,472 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Core & Main by 31.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,566,745 shares of the company’s stock valued at $89,697,000 after acquiring an additional 375,311 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Core & Main by 35.9% during the first quarter. Advisors Asset Management Inc. now owns 45,940 shares of the company’s stock worth $2,630,000 after acquiring an additional 12,139 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Core & Main Stock Up 0.3 %

NYSE CNM opened at $42.38 on Thursday. The stock has a market capitalization of $8.52 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.02. Core & Main, Inc. has a 52 week low of $32.45 and a 52 week high of $62.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.34 and a current ratio of 2.29. The stock has a fifty day moving average of $43.50 and a 200-day moving average of $49.44.

Core & Main (NYSE:CNM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.13). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.05 billion. Core & Main had a return on equity of 21.91% and a net margin of 5.58%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. On average, equities research analysts forecast that Core & Main, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

CNM has been the topic of several recent analyst reports. Barclays reduced their target price on shares of Core & Main from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Royal Bank of Canada reduced their price target on shares of Core & Main from $60.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Bank of America dropped their price objective on shares of Core & Main from $38.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company assumed coverage on Core & Main in a report on Monday, September 23rd. They issued an “overweight” rating and a $52.00 target price on the stock. Finally, Robert W. Baird increased their price target on Core & Main from $53.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.20.

About Core & Main

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.