Core & Main, Inc. (NYSE:CNM) Shares Sold by South Street Advisors LLC

South Street Advisors LLC lowered its stake in Core & Main, Inc. (NYSE:CNM) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 230,884 shares of the company’s stock after selling 3,260 shares during the quarter. Core & Main accounts for about 1.8% of South Street Advisors LLC’s portfolio, making the stock its 24th largest position. South Street Advisors LLC’s holdings in Core & Main were worth $11,754,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC raised its position in Core & Main by 28.0% in the 3rd quarter. FMR LLC now owns 8,697,084 shares of the company’s stock valued at $386,151,000 after purchasing an additional 1,903,280 shares in the last quarter. State Street Corp raised its position in Core & Main by 9.7% in the 3rd quarter. State Street Corp now owns 5,522,009 shares of the company’s stock valued at $245,177,000 after purchasing an additional 489,224 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Core & Main by 1.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,250,219 shares of the company’s stock valued at $188,710,000 after acquiring an additional 41,521 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Core & Main by 39.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 3,761,906 shares of the company’s stock valued at $167,029,000 after acquiring an additional 1,073,451 shares during the last quarter. Finally, Amundi increased its holdings in shares of Core & Main by 5.7% in the 4th quarter. Amundi now owns 3,659,261 shares of the company’s stock valued at $186,722,000 after acquiring an additional 196,828 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

Insider Buying and Selling

In other Core & Main news, President Bradford A. Cowles sold 25,000 shares of Core & Main stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $54.48, for a total value of $1,362,000.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Schaller sold 21,868 shares of Core & Main stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the transaction, the executive vice president now owns 16,452 shares in the company, valued at $770,282.64. This trade represents a 57.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock worth $9,383,685 in the last quarter. 3.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Citigroup increased their price objective on Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Wells Fargo & Company increased their price objective on Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price objective (up previously from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Finally, Barclays increased their price objective on Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.60.

Core & Main Trading Up 0.3 %

NYSE:CNM opened at $47.84 on Tuesday. The stock’s 50 day moving average price is $52.53 and its 200 day moving average price is $48.48. The company has a market capitalization of $9.50 billion, a PE ratio of 22.46, a P/E/G ratio of 2.61 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. Core & Main, Inc. has a 52-week low of $37.22 and a 52-week high of $62.15.

Core & Main Company Profile

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.