Core & Main, Inc. (NYSE:CNM) Shares Bought by Andina Capital Management LLC

Andina Capital Management LLC raised its position in Core & Main, Inc. (NYSE:CNM) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,274 shares of the company’s stock after purchasing an additional 567 shares during the quarter. Andina Capital Management LLC’s holdings in Core & Main were worth $472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Core & Main by 2.8% in the 4th quarter. Fifth Third Bancorp now owns 13,589 shares of the company’s stock worth $692,000 after acquiring an additional 374 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 271 shares during the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Core & Main by 0.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 235,911 shares of the company’s stock worth $12,010,000 after acquiring an additional 1,971 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of Core & Main by 42.7% in the 4th quarter. Perpetual Ltd now owns 199,061 shares of the company’s stock worth $10,134,000 after acquiring an additional 59,575 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of 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 acquiring an additional 684 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CNM. Barclays upped their price objective on shares of Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Truist Financial upped their target price on shares of Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price (up from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. Citigroup upped their target price on shares of Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Finally, Robert W. Baird upped their target price on shares of Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Core & Main presently has an average rating of “Moderate Buy” and an average price target of $57.30.

Core & Main Trading Down 0.8 %

NYSE CNM opened at $56.41 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The firm’s fifty day moving average price is $51.39 and its 200 day moving average price is $48.23. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.16 and a beta of 1.02. Core & Main, Inc. has a 12 month low of $37.22 and a 12 month high of $62.15.

Core & Main (NYSE:CNM) last posted its earnings results on Tuesday, December 3rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.99 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. On average, sell-side analysts expect that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Insider Activity at Core & Main

In related news, General Counsel Mark G. Whittenburg sold 1,974 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total transaction of $109,142.46. Following the completion of the sale, the general counsel now owns 7,667 shares in the company, valued at $423,908.43. This represents a 20.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Bradford A. Cowles sold 12,500 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $54.07, for a total transaction of $675,875.00. Following the sale, the president now owns 16,010 shares of the company’s stock, valued at approximately $865,660.70. This represents a 43.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,426 shares of company stock valued at $22,923,825 in the last ninety days. Insiders own 3.49% of the company’s stock.

Core & Main 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.