Blackhawk Capital Partners LLC. Invests $2.32 Million in Core & Main, Inc. (NYSE:CNM)

Blackhawk Capital Partners LLC. purchased a new stake in shares of Core & Main, Inc. (NYSE:CNM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,475 shares of the company’s stock, valued at approximately $2,315,000. Core & Main comprises approximately 1.2% of Blackhawk Capital Partners LLC.’s holdings, making the stock its 25th largest position.

Several other institutional investors have also added to or reduced their stakes in CNM. Ashton Thomas Securities LLC purchased a new stake in shares of Core & Main during the 3rd quarter worth approximately $26,000. Avior Wealth Management LLC raised its stake in Core & Main by 51.3% during the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock valued at $41,000 after purchasing an additional 271 shares in the last quarter. UMB Bank n.a. lifted its position in Core & Main by 246.0% during the fourth quarter. UMB Bank n.a. now owns 962 shares of the company’s stock valued at $49,000 after purchasing an additional 684 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Core & Main in the 3rd quarter worth $49,000. Finally, Blue Trust Inc. grew its stake in shares of Core & Main by 187.4% in the 4th quarter. Blue Trust Inc. now owns 1,273 shares of the company’s stock worth $65,000 after buying an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Insider Transactions at Core & Main

In other Core & Main news, President Bradford A. Cowles sold 25,000 shares of the company’s stock in a transaction 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 completion of the sale, the president now directly owns 16,010 shares in the company, valued at approximately $872,224.80. This represents a 60.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $50.49, for a total value of $2,524,500.00. Following the transaction, the general counsel now directly owns 7,667 shares in the company, valued at $387,106.83. The trade was a 86.70 % decrease in their position. 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 currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on CNM shares. The Goldman Sachs Group upped their target price on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their price objective on Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Barclays lifted their target price on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Robert W. Baird increased their price target on Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Truist Financial raised their price target on Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.60.

Core & Main Stock Performance

Shares of Core & Main stock opened at $49.90 on Tuesday. 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 stock’s fifty day moving average is $53.38 and its two-hundred day moving average is $48.73. Core & Main, Inc. has a 52 week low of $37.22 and a 52 week high of $62.15. The company has a market capitalization of $9.91 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.

Core & Main (NYSE:CNM) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 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 firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts expect that Core & Main, Inc. will post 2.16 earnings per share for the current year.

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.