Zurcher Kantonalbank Zurich Cantonalbank Has $72.56 Million Stock Position in Core & Main, Inc. (NYSE:CNM)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 8.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,425,215 shares of the company’s stock after selling 131,391 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.72% of Core & Main worth $72,558,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Core & Main during the 3rd quarter worth $26,000. Avior Wealth Management LLC increased its holdings in Core & Main by 51.3% in the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock worth $41,000 after purchasing an additional 271 shares in the last quarter. UMB Bank n.a. increased its holdings in Core & Main by 246.0% in 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. Wilmington Savings Fund Society FSB acquired a new position in Core & Main in the 3rd quarter worth about $49,000. Finally, Blue Trust Inc. increased its holdings in 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 purchasing an additional 830 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

Analyst Upgrades and Downgrades

CNM has been the subject of a number of recent research reports. Barclays upped 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. Wells Fargo & Company upped their target price on Core & Main from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Robert W. Baird upped their target price on Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Loop Capital upped their target price on Core & Main from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target (up previously from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

Core & Main Stock Up 0.4 %

Shares of Core & Main stock opened at $47.89 on Monday. The stock’s 50-day moving average is $53.03 and its 200 day moving average is $48.65. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.61 and a beta of 1.05. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. Core & Main, Inc. has a one year low of $37.22 and a one year high of $62.15.

Insiders Place Their Bets

In other Core & Main news, President Bradford A. Cowles sold 12,500 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $50.50, for a total value of $631,250.00. Following the transaction, the president now owns 16,010 shares in the company, valued at approximately $808,505. This represents a 43.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Schaller sold 60,452 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $50.57, for a total value of $3,057,057.64. Following the completion of the transaction, the executive vice president now owns 17,898 shares in the company, valued at approximately $905,101.86. The trade was a 77.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,426 shares of company stock worth $8,359,825. Corporate insiders own 3.49% of the company’s stock.

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.