River Road Asset Management LLC Has $5.52 Million Holdings in Core & Main, Inc. (NYSE:CNM)

River Road Asset Management LLC lessened its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 74.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,703 shares of the company’s stock after selling 408,512 shares during the quarter. River Road Asset Management LLC owned approximately 0.06% of Core & Main worth $5,524,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Core & Main during the third quarter worth approximately $28,000. Harbor Investment Advisory LLC acquired a new position in shares of Core & Main in the third quarter valued at approximately $33,000. PNC Financial Services Group Inc. acquired a new position in shares of Core & Main in the second quarter valued at approximately $43,000. Kepos Capital LP acquired a new position in shares of Core & Main in the third quarter valued at approximately $41,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Core & Main by 81.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,726 shares of the company’s stock valued at $50,000 after purchasing an additional 775 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

Insiders Place Their Bets

In other Core & Main news, CFO Mark R. Witkowski sold 50,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $58.51, for a total transaction of $2,925,500.00. Following the completion of the sale, the chief financial officer now directly owns 23,898 shares in the company, valued at $1,398,271.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO John Weldon Stephens sold 15,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $57.91, for a total value of $868,650.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,281 shares in the company, valued at approximately $247,912.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark R. Witkowski sold 50,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $58.51, for a total value of $2,925,500.00. Following the completion of the transaction, the chief financial officer now owns 23,898 shares of the company’s stock, valued at $1,398,271.98. The disclosure for this sale can be found here. Insiders sold 23,363,315 shares of company stock worth $960,746,759 over the last three months. Insiders own 3.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CNM shares. JPMorgan Chase & Co. upped their target price on Core & Main from $38.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada upped their target price on Core & Main from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Citigroup downgraded Core & Main from a “buy” rating to a “neutral” rating and upped their target price for the company from $63.00 to $64.00 in a research report on Friday, April 5th. Barclays upped their target price on Core & Main from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, Loop Capital increased their price target on Core & Main from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $50.08.

Core & Main Stock Down 1.3 %

NYSE CNM opened at $54.74 on Thursday. The business has a fifty day moving average price of $51.50 and a two-hundred day moving average price of $41.44. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.29 and a quick ratio of 1.30. Core & Main, Inc. has a fifty-two week low of $24.54 and a fifty-two week high of $60.83. The stock has a market capitalization of $11.02 billion, a PE ratio of 25.46, a PEG ratio of 1.71 and a beta of 1.15.

Core & Main (NYSE:CNM) last released its earnings results on Tuesday, March 19th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Core & Main had a return on equity of 18.22% and a net margin of 5.54%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts expect that Core & Main, Inc. will post 2.59 earnings per share for the current fiscal year.

Core & Main Company Profile

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services.