Core & Main, Inc. $CNM Stock Holdings Increased by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in Core & Main, Inc. (NYSE:CNM) by 177.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,015 shares of the company’s stock after purchasing an additional 21,113 shares during the quarter. WINTON GROUP Ltd’s holdings in Core & Main were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CNM. Capital World Investors lifted its position in shares of Core & Main by 294.9% in the third quarter. Capital World Investors now owns 5,948,134 shares of the company’s stock worth $320,188,000 after purchasing an additional 4,442,047 shares in the last quarter. Norges Bank purchased a new stake in shares of Core & Main in the fourth quarter worth approximately $108,265,000. Holocene Advisors LP purchased a new stake in shares of Core & Main in the third quarter worth approximately $100,765,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Core & Main in the third quarter worth approximately $67,284,000. Finally, Schonfeld Strategic Advisors LLC raised its position in Core & Main by 286.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,379,820 shares of the company’s stock valued at $74,276,000 after acquiring an additional 1,022,864 shares in the last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Core & Main

In other Core & Main news, CFO Robyn L. Bradbury sold 5,000 shares of the 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 transaction, the chief financial officer 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 sale was disclosed in a document filed 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 stock in a transaction on Tuesday, April 7th. The shares were bought at an average price of $50.70 per share, for a total transaction of $99,980.40. Following the acquisition, the director owned 6,939 shares of the company’s stock, valued at approximately $351,807.30. The trade was 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 company insiders.

Core & Main Price Performance

Shares of CNM opened at $52.22 on Tuesday. The firm has a market cap of $10.16 billion, a PE ratio of 22.60, a PEG ratio of 1.87 and a beta of 0.91. The firm’s 50 day moving average price is $49.71 and its 200 day moving average price is $51.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.51 and a current ratio of 2.63. Core & Main, Inc. has a twelve month low of $43.96 and a twelve month high of $67.18.

Wall Street Analysts Forecast Growth

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

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.