Core & Main, Inc. (NYSE:CNM) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its position in Core & Main, Inc. (NYSE:CNM) by 65.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,102 shares of the company’s stock after selling 9,803 shares during the quarter. Gotham Asset Management LLC’s holdings in Core & Main were worth $260,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CNM. Avior Wealth Management LLC increased its stake in Core & Main by 51.3% in the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock valued at $41,000 after buying an additional 271 shares during the period. UMB Bank n.a. boosted its position in shares of Core & Main by 246.0% during the 4th quarter. UMB Bank n.a. now owns 962 shares of the company’s stock worth $49,000 after purchasing an additional 684 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Core & Main by 30.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company’s stock worth $61,000 after purchasing an additional 278 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Core & Main by 187.4% during the 4th quarter. Blue Trust Inc. now owns 1,273 shares of the company’s stock worth $65,000 after purchasing an additional 830 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Core & Main during the 4th quarter worth $75,000. 94.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on CNM shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Core & Main in a research report on Tuesday, April 1st. They set a “buy” rating and a $60.00 target price on the stock. Royal Bank of Canada decreased their target price 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, March 26th. Wells Fargo & Company boosted their target price on shares of Core & Main from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird decreased their target price on shares of Core & Main from $66.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Core & Main presently has an average rating of “Moderate Buy” and a consensus price target of $57.55.

Insider Buying and Selling at Core & Main

In related news, CAO John Weldon Stephens sold 10,214 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $53.02, for a total transaction of $541,546.28. Following the completion of the sale, the chief accounting officer now owns 4,120 shares of the company’s stock, valued at approximately $218,442.40. This represents a 71.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Schaller sold 21,868 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 16,452 shares of the company’s stock, valued at approximately $770,282.64. This trade represents a 57.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,045 shares of company stock worth $3,683,698. Corporate insiders own 3.49% of the company’s stock.

Core & Main Price Performance

NYSE:CNM opened at $53.46 on Wednesday. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average is $50.11 and its two-hundred day moving average is $50.60. Core & Main, Inc. has a 12-month low of $37.22 and a 12-month high of $61.27.

Core & Main (NYSE:CNM) last released its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. Core & Main’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. Research analysts expect that Core & Main, Inc. will post 2.16 EPS for the current year.

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.