Core & Main, Inc. (NYSE:CNM) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lessened its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,051 shares of the company’s stock after selling 221 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Core & Main were worth $3,566,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. US Bancorp DE boosted its position in shares of Core & Main by 12.3% during the 4th quarter. US Bancorp DE now owns 1,795 shares of the company’s stock worth $91,000 after purchasing an additional 197 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Core & Main by 4.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $286,000 after purchasing an additional 258 shares during the period. Avior Wealth Management LLC boosted its holdings in Core & Main by 51.3% during the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock worth $41,000 after buying an additional 271 shares in the last quarter. CIBC Asset Management Inc grew its position in Core & Main by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 5,871 shares of the company’s stock worth $299,000 after buying an additional 287 shares during the period. Finally, Arizona State Retirement System increased its holdings in Core & Main by 0.6% in the fourth quarter. Arizona State Retirement System now owns 55,910 shares of the company’s stock valued at $2,846,000 after buying an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Insider Transactions at Core & Main

In related news, EVP John R. Schaller sold 60,452 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.57, for a total transaction of $3,057,057.64. Following the transaction, the executive vice president now directly owns 17,898 shares in the company, valued at approximately $905,101.86. This represents a 77.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Bradford A. Cowles sold 12,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.50, for a total value of $631,250.00. Following the completion of the sale, the president now directly owns 16,010 shares in the company, valued at approximately $808,505. The trade was a 43.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock worth $9,383,685 over the last quarter. 3.49% of the stock is currently owned by insiders.

Core & Main Stock Down 1.3 %

Shares of NYSE CNM opened at $48.43 on Friday. The firm’s 50 day moving average price is $52.37 and its 200 day moving average price is $48.48. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14. The firm has a market cap of $9.62 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 1 year low of $37.22 and a 1 year high of $62.15.

Analyst Ratings Changes

Several equities analysts recently issued reports on CNM shares. Truist Financial lifted their price objective on Core & Main from $38.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Citigroup lifted their target price on shares of Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird raised their price objective on shares of Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Core & Main has a consensus rating of “Moderate Buy” and an average target price of $57.60.

About Core & Main

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.