Core & Main, Inc. $CNM Stake Cut by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI reduced its holdings in Core & Main, Inc. (NYSE:CNM) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,612,944 shares of the company’s stock after selling 108,880 shares during the period. Fiduciary Management Inc. WI owned about 1.34% of Core & Main worth $135,795,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNM. Cubist Systematic Strategies LLC lifted its holdings in shares of Core & Main by 262.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after buying an additional 524 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Core & Main during the 1st quarter valued at about $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Core & Main by 36.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company’s stock valued at $1,719,000 after buying an additional 9,534 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Core & Main by 23.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock valued at $14,106,000 after buying an additional 54,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Core & Main by 145.4% during 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 last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.

Core & Main Stock Down 0.6%

CNM opened at $52.08 on Friday. The business has a 50 day moving average price of $49.66 and a 200 day moving average price of $51.89. Core & Main, Inc. has a twelve month low of $43.96 and a twelve month high of $67.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.51 and a current ratio of 2.63. The firm has a market cap of $10.14 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.91.

Wall Street Analyst Weigh In

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

Insider Activity at Core & Main

In other Core & Main news, CFO Robyn L. Bradbury sold 5,000 shares of Core & Main stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 12,500 shares of the company’s stock, valued at $656,750. The trade was a 28.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Hope purchased 1,972 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was acquired at an average cost of $50.70 per share, for a total transaction of $99,980.40. Following the completion of the transaction, the director owned 6,939 shares in the company, valued at approximately $351,807.30. This trade represents a 39.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.51% of the stock is currently owned by insiders.

Core & Main 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.