Core & Main, Inc. (NYSE:CNM) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its holdings in Core & Main, Inc. (NYSE:CNM) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,141,763 shares of the company’s stock after selling 463,578 shares during the period. Core & Main comprises 2.3% of Robeco Schweiz AG’s portfolio, making the stock its 9th largest position. Robeco Schweiz AG owned 1.08% of Core & Main worth $109,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new stake in Core & Main in the 3rd quarter valued at approximately $2,240,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Core & Main during the 3rd quarter worth $93,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Core & Main by 21.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 27,276 shares of the company’s stock worth $1,211,000 after acquiring an additional 4,782 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Core & Main by 21.1% in the third quarter. State of Alaska Department of Revenue now owns 22,405 shares of the company’s stock worth $994,000 after buying an additional 3,900 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Core & Main by 3.8% in the third quarter. New York State Teachers Retirement System now owns 89,978 shares of the company’s stock worth $3,995,000 after buying an additional 3,318 shares during the period. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Insider Buying and Selling

In other news, President Bradford A. Cowles sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $54.48, for a total value of $1,362,000.00. Following the sale, the president now directly owns 16,010 shares in the company, valued at approximately $872,224.80. This trade represents a 60.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Mark G. Whittenburg sold 1,974 shares of the firm’s 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 completion of the sale, the general counsel now owns 7,667 shares in the company, valued at approximately $423,908.43. The trade was a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 452,426 shares of company stock valued at $24,285,825. 3.49% of the stock is owned by company insiders.

Core & Main Stock Up 2.2 %

Shares of NYSE:CNM opened at $50.76 on Thursday. Core & Main, Inc. has a 52 week low of $37.22 and a 52 week high of $62.15. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. The company has a market capitalization of $10.08 billion, a PE ratio of 23.83, a PEG ratio of 2.61 and a beta of 1.03. The company has a 50 day moving average price of $53.34 and a two-hundred day moving average price of $48.75.

Core & Main (NYSE:CNM) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. Analysts forecast that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on CNM shares. The Goldman Sachs Group increased their price objective on Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Robert W. Baird raised their target price on Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Truist Financial raised their target price on Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their target price on Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.