Union Bancaire Privee UBP SA Buys Shares of 52,956 Core & Main, Inc. (NYSE:CNM)

Union Bancaire Privee UBP SA acquired a new position in shares of Core & Main, Inc. (NYSE:CNM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,956 shares of the company’s stock, valued at approximately $2,702,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Core & Main by 187.4% in the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company’s stock valued at $65,000 after purchasing an additional 830 shares during the last quarter. Andina Capital Management LLC raised its stake in Core & Main by 6.5% in the fourth quarter. Andina Capital Management LLC now owns 9,274 shares of the company’s stock valued at $472,000 after buying an additional 567 shares during the period. Fifth Third Bancorp lifted its holdings in Core & Main by 2.8% during the 4th quarter. Fifth Third Bancorp now owns 13,589 shares of the company’s stock valued at $692,000 after purchasing an additional 374 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Core & Main by 51.3% during the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock worth $41,000 after buying an additional 271 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its holdings in shares of Core & Main by 0.8% during the fourth 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 period. Institutional investors own 94.19% of the company’s stock.

Core & Main Stock Down 0.6 %

Shares of NYSE:CNM opened at $56.08 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. Core & Main, Inc. has a 52-week low of $37.22 and a 52-week high of $62.15. The business’s 50 day simple moving average is $51.63 and its two-hundred day simple moving average is $48.26. The firm has a market cap of $11.14 billion, a P/E ratio of 26.33, a PEG ratio of 3.16 and a beta of 1.02.

Core & Main (NYSE:CNM) last posted its earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.99 billion. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, research analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current fiscal year.

Insider Transactions at Core & Main

In other news, President Bradford A. Cowles sold 50,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $55.07, for a total transaction of $2,753,500.00. Following the completion of the transaction, the president now owns 18,423 shares in the company, valued at approximately $1,014,554.61. This represents a 73.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Mark G. Whittenburg sold 1,974 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $55.29, for a total transaction of $109,142.46. Following the transaction, the general counsel now owns 7,667 shares of the company’s stock, valued at $423,908.43. This represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 427,426 shares of company stock worth $22,923,825 in the last quarter. 3.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective (up from $53.00) on shares of Core & Main in a research report on Wednesday, December 4th. Loop Capital raised their target price on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Citigroup raised their target price on Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. One equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.30.

About Core & Main

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.