Arizona State Retirement System raised its position in Core & Main, Inc. (NYSE:CNM – Get Rating) by 40.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,114 shares of the company’s stock after acquiring an additional 5,190 shares during the quarter. Arizona State Retirement System’s holdings in Core & Main were worth $438,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new stake in Core & Main in the first quarter valued at approximately $261,000. Swiss National Bank acquired a new stake in shares of Core & Main during the fourth quarter worth approximately $3,207,000. Shell Asset Management Co. acquired a new stake in shares of Core & Main during the fourth quarter worth approximately $228,000. Advisor Group Holdings Inc. grew its position in shares of Core & Main by 2.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 26,083 shares of the company’s stock worth $790,000 after buying an additional 689 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Core & Main during the fourth quarter worth approximately $805,000. Institutional investors and hedge funds own 95.48% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on CNM shares. Credit Suisse Group set a $29.00 price target on shares of Core & Main in a research report on Tuesday, July 19th. The Goldman Sachs Group reduced their price objective on Core & Main from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 15th. Royal Bank of Canada reduced their price objective on Core & Main from $31.00 to $28.00 in a research note on Wednesday, June 15th. Robert W. Baird raised their price objective on Core & Main from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 15th. Finally, Barclays reduced their price objective on Core & Main from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Core & Main presently has a consensus rating of “Hold” and a consensus target price of $28.50.
Insider Buying and Selling at Core & Main
Core & Main Stock Performance
CNM stock opened at $23.77 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.07 and a current ratio of 2.07. The stock has a market capitalization of $5.84 billion and a price-to-earnings ratio of 23.08. Core & Main, Inc. has a 1 year low of $20.00 and a 1 year high of $32.54. The stock’s fifty day moving average is $22.68 and its two-hundred day moving average is $23.02.
Core & Main Profile
Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services.
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