Asset Management One Co. Ltd. Has $2.56 Million Stock Holdings in Core & Main, Inc. (NYSE:CNM)

Asset Management One Co. Ltd. decreased its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,719 shares of the company’s stock after selling 4,906 shares during the period. Asset Management One Co. Ltd.’s holdings in Core & Main were worth $2,563,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American International Group Inc. raised its holdings in shares of Core & Main by 22.3% in the first quarter. American International Group Inc. now owns 225,823 shares of the company’s stock valued at $12,928,000 after purchasing an additional 41,229 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Core & Main by 60.6% in the first quarter. Lord Abbett & CO. LLC now owns 836,211 shares of the company’s stock valued at $47,873,000 after purchasing an additional 315,411 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Core & Main in the first quarter valued at about $29,731,000. Lazard Asset Management LLC raised its holdings in shares of Core & Main by 370.9% in the first quarter. Lazard Asset Management LLC now owns 273,561 shares of the company’s stock valued at $15,661,000 after purchasing an additional 215,472 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 purchasing an additional 375,311 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

Core & Main Price Performance

Shares of NYSE:CNM opened at $43.58 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.29 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $8.77 billion, a PE ratio of 20.85, a P/E/G ratio of 3.07 and a beta of 1.02. Core & Main, Inc. has a twelve month low of $31.21 and a twelve month high of $62.15. The company has a 50-day moving average price of $43.69 and a two-hundred day moving average price of $49.69.

Core & Main (NYSE:CNM) last issued its earnings results on Wednesday, September 4th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). The business 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%. Core & Main’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. Equities analysts forecast that Core & Main, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on CNM shares. Royal Bank of Canada lowered their target price on shares of Core & Main from $60.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Loop Capital reduced their price target on shares of Core & Main from $64.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Robert W. Baird increased their price target on shares of Core & Main from $53.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on shares of Core & Main from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Truist Financial reduced their price target on shares of Core & Main from $50.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.