13,593 Shares in Core & Main, Inc. $CNM Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in Core & Main, Inc. (NYSE:CNM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,593 shares of the company’s stock, valued at approximately $706,000.

A number of other institutional investors and hedge funds have also modified their holdings of CNM. Capital World Investors grew its holdings in shares of Core & Main by 294.9% in the 3rd quarter. Capital World Investors now owns 5,948,134 shares of the company’s stock worth $320,188,000 after acquiring an additional 4,442,047 shares during the period. Norges Bank acquired a new stake in Core & Main during the 4th quarter valued at $108,265,000. Holocene Advisors LP acquired a new stake in Core & Main during the 3rd quarter valued at $100,765,000. First Trust Advisors LP grew its holdings in Core & Main by 38.6% during the 4th quarter. First Trust Advisors LP now owns 5,318,070 shares of the company’s stock valued at $276,380,000 after buying an additional 1,482,235 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Core & Main during the 3rd quarter valued at $67,284,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

Core & Main Trading Down 1.6%

Shares of Core & Main stock opened at $47.57 on Tuesday. Core & Main, Inc. has a fifty-two week low of $43.96 and a fifty-two week high of $67.18. The firm has a market cap of $9.26 billion, a PE ratio of 20.15, a P/E/G ratio of 1.68 and a beta of 0.91. The business’s fifty day moving average is $49.72 and its two-hundred day moving average is $52.13. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.00.

Core & Main (NYSE:CNM) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.19. Core & Main had a return on equity of 26.17% and a net margin of 5.87%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts anticipate that Core & Main, Inc. will post 3.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CNM shares. Barclays lowered their target price on Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, March 25th. The Goldman Sachs Group reiterated a “neutral” rating and set a $24.00 target price on shares of Core & Main in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Core & Main from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Citigroup lowered their target price on Core & Main from $54.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.73.

Insider Buying and Selling at Core & Main

In other news, Director James D. Hope bought 1,972 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average cost of $50.70 per share, with a total value of $99,980.40. Following the transaction, the director owned 6,939 shares of the company’s stock, valued at $351,807.30. This represents a 39.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Robyn L. Bradbury sold 5,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.54, for a total value of $262,700.00. Following the completion of the transaction, the chief financial officer directly owned 12,500 shares in the company, valued at $656,750. This trade represents a 28.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.51% of the company’s stock.

Core & Main Company Profile

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.