Core & Main, Inc. $CNM Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Core & Main, Inc. (NYSE:CNM) by 76.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,404 shares of the company’s stock after selling 1,157,959 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.18% of Core & Main worth $18,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Core & Main by 13.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,959 shares of the company’s stock valued at $109,000 after purchasing an additional 237 shares during the period. Whittier Trust Co. acquired a new stake in shares of Core & Main in the fourth quarter valued at about $28,000. Thomasville National Bank acquired a new stake in shares of Core & Main in the fourth quarter valued at about $11,112,000. Diversified Management Inc. acquired a new stake in shares of Core & Main in the fourth quarter valued at about $201,000. Finally, KBC Group NV lifted its stake in shares of Core & Main by 11.6% in the fourth quarter. KBC Group NV now owns 2,618,916 shares of the company’s stock valued at $136,105,000 after purchasing an additional 272,258 shares during the period. Institutional investors and hedge funds own 94.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Zacks Research downgraded shares of Core & Main from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Core & Main from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Royal Bank Of Canada restated an “outperform” rating and set a $63.00 target price on shares of Core & Main in a report on Friday, January 9th. Finally, Citigroup raised their target price on shares of Core & Main from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.64.

Insider Transactions at Core & Main

In other news, Director James D. Hope purchased 1,972 shares of the stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average cost of $50.70 per share, for a total transaction of $99,980.40. Following the completion of the acquisition, the director directly owned 6,939 shares in the company, valued at $351,807.30. This represents a 39.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $262,700.00. Following the sale, the chief financial officer owned 12,500 shares of the company’s stock, valued at approximately $656,750. This trade represents a 28.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.53% of the company’s stock.

Core & Main Stock Performance

NYSE:CNM opened at $48.91 on Thursday. The company has a market capitalization of $9.52 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. Core & Main, Inc. has a twelve month low of $43.96 and a twelve month high of $67.18. The company has a current ratio of 2.63, a quick ratio of 1.51 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $51.76 and a two-hundred day moving average price of $52.45.

About Core & Main

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.