Robeco Schweiz AG lowered its holdings in shares of Core & Main, Inc. (NYSE:CNM – Free Report) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,107 shares of the company’s stock after selling 24,677 shares during the period. Robeco Schweiz AG’s holdings in Core & Main were worth $28,501,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Kendall Capital Management increased its stake in shares of Core & Main by 7.9% during the third quarter. Kendall Capital Management now owns 26,995 shares of the company’s stock valued at $1,120,000 after purchasing an additional 1,970 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Core & Main by 364.2% in the 3rd quarter. Inspire Investing LLC now owns 59,274 shares of the company’s stock worth $2,459,000 after purchasing an additional 46,505 shares in the last quarter. Isthmus Partners LLC boosted its position in shares of Core & Main by 11.2% in the 3rd quarter. Isthmus Partners LLC now owns 87,628 shares of the company’s stock worth $3,635,000 after purchasing an additional 8,817 shares in the last quarter. Lmcg Investments LLC boosted its position in shares of Core & Main by 1.7% in the 3rd quarter. Lmcg Investments LLC now owns 120,529 shares of the company’s stock worth $5,000,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Core & Main by 42.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,615 shares of the company’s stock worth $67,000 after buying an additional 485 shares during the last quarter. Institutional investors own 94.19% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $53.00 price objective on shares of Core & Main in a research report on Thursday, September 10th. Robert W. Baird lowered their price objective on Core & Main from $66.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, September 10th. Zacks Research downgraded Core & Main from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. Wall Street Zen raised Core & Main from a “hold” rating to a “buy” rating in a research note on Sunday, October 18th. Finally, Royal Bank Of Canada cut their target price on Core & Main from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.40.
View Our Latest Stock Report on CNM
Core & Main Trading Down 1.0%
NYSE:CNM opened at $41.92 on Friday. The company’s 50 day moving average price is $42.48 and its 200-day moving average price is $45.95. Core & Main, Inc. has a 52 week low of $39.42 and a 52 week high of $59.66. The company has a quick ratio of 1.51, a current ratio of 2.47 and a debt-to-equity ratio of 1.16. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.76 and a beta of 0.91.
Core & Main (NYSE:CNM – Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.03. Core & Main had a net margin of 5.96% and a return on equity of 25.98%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Core & Main, Inc. will post 3.00 earnings per share for the current fiscal year.
Core & Main Profile
Core & Main, Inc is a distributor of specialized products for public and private infrastructure in the United States. The company primarily serves municipalities, contractors, and other customers involved in water, wastewater, storm drainage, and fire protection projects.
Its product offerings include water, sewer, and storm drainage pipe; valves, hydrants, and related waterworks products; fire protection equipment; and geosynthetic and other stormwater management products. Core & Main also provides product expertise, technical support, and related services to help customers plan and complete infrastructure projects.
The company traces its roots to the waterworks distribution business formerly operated by HD Supply.
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