WINTON GROUP Ltd Sells 27,669 Shares of Core & Main, Inc. (NYSE:CNM)

WINTON GROUP Ltd trimmed its position in Core & Main, Inc. (NYSE:CNM) by 52.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,631 shares of the company’s stock after selling 27,669 shares during the quarter. WINTON GROUP Ltd’s holdings in Core & Main were worth $1,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Services Automobile Association increased its stake in shares of Core & Main by 7.9% in the fourth quarter. United Services Automobile Association now owns 12,332 shares of the company’s stock worth $628,000 after purchasing an additional 907 shares in the last quarter. Vanguard Group Inc. increased its stake in Core & Main by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 18,219,997 shares of the company’s stock worth $927,580,000 after buying an additional 221,970 shares in the last quarter. LPL Financial LLC increased its stake in Core & Main by 16.1% in the 4th quarter. LPL Financial LLC now owns 17,757 shares of the company’s stock worth $904,000 after buying an additional 2,461 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Core & Main in the fourth quarter valued at about $1,985,000. Finally, American Century Companies Inc. lifted its position in shares of Core & Main by 6.3% in the fourth quarter. American Century Companies Inc. now owns 1,384,886 shares of the company’s stock valued at $70,505,000 after acquiring an additional 81,706 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.

Insider Buying and Selling

In other news, President Bradford A. Cowles sold 12,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $50.50, for a total value of $631,250.00. Following the completion of the sale, the president now owns 16,010 shares in the company, valued at approximately $808,505. This trade represents a 43.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Schaller sold 21,868 shares of Core & Main stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $46.82, for a total transaction of $1,023,859.76. Following the transaction, the executive vice president now directly owns 16,452 shares of the company’s stock, valued at approximately $770,282.64. This represents a 57.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,294 shares of company stock worth $9,383,685 over the last three months. 3.49% of the stock is owned by insiders.

Core & Main Stock Performance

Core & Main stock opened at $49.96 on Friday. The company’s 50-day moving average price is $52.00 and its 200-day moving average price is $48.74. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The company has a market cap of $9.92 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a twelve month low of $37.22 and a twelve month high of $62.15.

Core & Main (NYSE:CNM) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, equities research analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

CNM has been the topic of several recent analyst reports. Citigroup lifted their target price on Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Core & Main from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday. Truist Financial upped their target price on shares of Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Barclays increased 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. One investment 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 data from MarketBeat.com, Core & Main has an average rating of “Moderate Buy” and a consensus price target of $57.30.

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.