13,593 Shares in Core & Main, Inc. $CNM Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC acquired a new stake in Core & Main, Inc. (NYSE:CNM) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 13,593 shares of the company’s stock, valued at approximately $706,000.

Several other hedge funds also recently added to or reduced their stakes in CNM. Cubist Systematic Strategies LLC raised its position 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 purchasing an additional 524 shares during the period. AQR Capital Management LLC purchased a new position in Core & Main in the first quarter valued at about $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Core & Main by 36.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company’s stock valued at $1,719,000 after purchasing an additional 9,534 shares during the period. Goldman Sachs Group Inc. raised its position in Core & Main by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock valued at $14,106,000 after purchasing an additional 54,854 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Core & Main by 145.4% in the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 269 shares during the period. 94.19% of the stock is owned by hedge funds and other institutional investors.

Core & Main Stock Down 1.6%

Shares of Core & Main stock opened at $47.57 on Tuesday. The business has a 50-day moving average of $49.72 and a 200-day moving average of $52.13. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.31 and a quick ratio of 1.31. The company has a market capitalization of $9.26 billion, a PE ratio of 20.15, a P/E/G ratio of 1.68 and a beta of 0.91. Core & Main, Inc. has a 1-year low of $43.96 and a 1-year high of $67.18.

Core & Main (NYSE:CNM) last announced its earnings results on Wednesday, June 10th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.19. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. Core & Main had a return on equity of 26.17% and a net margin of 5.87%.The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. As a group, equities analysts forecast that Core & Main, Inc. will post 3.06 EPS for the current fiscal year.

Insider Transactions at Core & Main

In related news, CFO Robyn L. Bradbury sold 5,000 shares of Core & Main stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.54, for a total value of $262,700.00. Following the completion of the transaction, the chief financial officer directly owned 12,500 shares in the company, valued at approximately $656,750. This trade represents a 28.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Hope purchased 1,972 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average price of $50.70 per share, with a total value of $99,980.40. Following the completion of the purchase, the director directly owned 6,939 shares of the company’s stock, valued at approximately $351,807.30. This represents a 39.70% increase in their position. The SEC filing for this purchase provides additional information. 1.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $24.00 price objective on shares of Core & Main in a research report on Thursday. Barclays cut their price objective on Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft cut their price objective on 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, Citigroup cut their price objective on Core & Main from $54.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.73.

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.