Avior Wealth Management LLC Acquires 271 Shares of Core & Main, Inc. (NYSE:CNM)

Avior Wealth Management LLC increased its holdings in Core & Main, Inc. (NYSE:CNMFree Report) by 51.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 799 shares of the company’s stock after purchasing an additional 271 shares during the quarter. Avior Wealth Management LLC’s holdings in Core & Main were worth $41,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in Core & Main in the second quarter valued at $243,000. Truist Financial Corp lifted its holdings in Core & Main by 1,103.3% in the second quarter. Truist Financial Corp now owns 495,199 shares of the company’s stock valued at $24,235,000 after buying an additional 454,046 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Core & Main by 3.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 54,800 shares of the company’s stock valued at $2,682,000 after buying an additional 1,900 shares during the period. Sanctuary Advisors LLC acquired a new position in Core & Main in the second quarter valued at $840,000. Finally, Handelsbanken Fonder AB lifted its holdings in Core & Main by 34.0% in the third quarter. Handelsbanken Fonder AB now owns 2,985,529 shares of the company’s stock valued at $132,557,000 after buying an additional 757,000 shares during the period. Institutional investors and hedge funds own 94.19% of the company’s stock.

Analyst Ratings Changes

CNM has been the topic of several research reports. The Goldman Sachs Group upped their price objective 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. Barclays upped 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. Loop Capital upped their price objective 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 reiterated an “outperform” rating and set a $62.00 price objective (up previously from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their price objective on shares of Core & Main from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.30.

View Our Latest Report on CNM

Core & Main Trading Down 0.4 %

CNM opened at $56.52 on Thursday. 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 company’s 50-day moving average is $52.10 and its 200 day moving average is $48.35. The firm has a market capitalization of $11.23 billion, a PE ratio of 26.53, a P/E/G ratio of 3.16 and a beta of 1.02.

Core & Main (NYSE:CNMGet Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, research analysts predict that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Bradford A. Cowles sold 12,500 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $54.07, for a total transaction of $675,875.00. Following the completion of the transaction, the president now directly owns 16,010 shares of the company’s stock, valued at $865,660.70. This represents a 43.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark G. Whittenburg sold 1,974 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total transaction of $109,142.46. Following the transaction, the general counsel now directly owns 7,667 shares of the company’s stock, valued at $423,908.43. This represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 427,426 shares of company stock valued at $22,923,825. Corporate insiders own 3.49% of the company’s stock.

Core & Main Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Core & Main (NYSE:CNM)

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