Core & Main, Inc. $CNM Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Core & Main, Inc. (NYSE:CNM) by 57.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,620 shares of the company’s stock after acquiring an additional 176,705 shares during the quarter. BNP Paribas Financial Markets’ holdings in Core & Main were worth $25,290,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CNM. EverSource Wealth Advisors LLC boosted its stake in shares of Core & Main by 145.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 269 shares during the period. TD Waterhouse Canada Inc. purchased a new position in shares of Core & Main in the 4th quarter valued at about $26,000. Whittier Trust Co. acquired a new stake in Core & Main in the fourth quarter valued at approximately $28,000. Cubist Systematic Strategies LLC raised its holdings in Core & Main by 262.0% in the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after acquiring an additional 524 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in Core & Main by 5,013.3% in the third quarter. Rothschild Investment LLC now owns 767 shares of the company’s stock valued at $41,000 after acquiring an additional 752 shares in the last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CNM shares. Zacks Research cut shares of Core & Main from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Core & Main from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Barclays reduced their target price on shares of Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, March 25th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.64.

Core & Main Stock Up 0.6%

Shares of NYSE:CNM opened at $52.41 on Friday. The firm’s 50 day moving average price is $49.63 and its 200 day moving average price is $51.89. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.87 and a beta of 0.91. Core & Main, Inc. has a fifty-two week low of $43.96 and a fifty-two week high of $67.18. The company has a quick ratio of 1.51, a current ratio of 2.63 and a debt-to-equity ratio of 1.02.

Insider Activity at Core & Main

In related news, Director James D. Hope acquired 1,972 shares of Core & Main stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average price of $50.70 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robyn L. Bradbury sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.54, for a total transaction of $262,700.00. Following the sale, the chief financial officer owned 12,500 shares of the company’s stock, valued at $656,750. This represents a 28.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.51% of the stock is owned by insiders.

About Core & Main

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.