Syntegra Private Wealth Group LLC Makes New $252,000 Investment in Core & Main, Inc. $CNM

Syntegra Private Wealth Group LLC bought a new position in shares of Core & Main, Inc. (NYSE:CNM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,173 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Enhancing Capital LLC increased its stake in Core & Main by 0.6% in the 1st quarter. Enhancing Capital LLC now owns 31,846 shares of the company’s stock worth $1,538,000 after buying an additional 196 shares during the period. Bfsg LLC grew its stake in Core & Main by 56.4% in the 2nd quarter. Bfsg LLC now owns 560 shares of the company’s stock worth $34,000 after acquiring an additional 202 shares in the last quarter. CWM LLC increased its position in shares of Core & Main by 34.0% during the first quarter. CWM LLC now owns 839 shares of the company’s stock worth $41,000 after acquiring an additional 213 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Core & Main by 3.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,106 shares of the company’s stock worth $343,000 after acquiring an additional 229 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Core & Main by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 10,902 shares of the company’s stock valued at $527,000 after acquiring an additional 272 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors.

Core & Main Trading Up 0.7%

CNM opened at $52.58 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 1.30 and a debt-to-equity ratio of 1.14. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.05 and a beta of 0.98. Core & Main, Inc. has a 12 month low of $41.64 and a 12 month high of $67.18. The stock has a fifty day moving average price of $56.67 and a 200-day moving average price of $56.65.

Core & Main (NYSE:CNM) last issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.12 billion. Core & Main had a return on equity of 25.44% and a net margin of 5.57%.The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. Core & Main has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Mark R. Witkowski sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $64.08, for a total transaction of $6,408,000.00. Following the completion of the transaction, the chief executive officer owned 35,847 shares in the company, valued at $2,297,075.76. The trade was a 73.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CNM shares. Royal Bank Of Canada lowered their price target on Core & Main from $67.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, September 10th. Loop Capital reiterated a “hold” rating and issued a $68.00 target price on shares of Core & Main in a report on Monday, July 28th. JPMorgan Chase & Co. increased their price target on Core & Main from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wells Fargo & Company lifted their price objective on Core & Main from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Finally, Citigroup dropped their target price on shares of Core & Main from $62.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Core & Main has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Core & Main Profile

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.