Fiduciary Management Inc. WI Sells 108,880 Shares of Core & Main, Inc. $CNM

Fiduciary Management Inc. WI cut its position in shares of Core & Main, Inc. (NYSE:CNM) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,612,944 shares of the company’s stock after selling 108,880 shares during the period. Fiduciary Management Inc. WI’s holdings in Core & Main were worth $135,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Modern Wealth Management LLC increased its position in shares of Core & Main by 5.8% during the third quarter. Modern Wealth Management LLC now owns 3,970 shares of the company’s stock valued at $214,000 after purchasing an additional 218 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Core & Main by 13.8% during 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. Johnson Investment Counsel Inc. increased its position in shares of Core & Main by 0.6% during the third quarter. Johnson Investment Counsel Inc. now owns 43,070 shares of the company’s stock valued at $2,318,000 after purchasing an additional 244 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Core & Main by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 269 shares during the period. Finally, Steph & Co. increased its position in shares of Core & Main by 36.6% during the fourth quarter. Steph & Co. now owns 1,037 shares of the company’s stock valued at $54,000 after purchasing an additional 278 shares during the period. 94.19% of the stock is currently owned by institutional investors.

Core & Main Price Performance

Shares of CNM stock opened at $52.08 on Friday. The stock’s fifty day simple moving average is $49.66 and its 200 day simple moving average is $51.89. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.63 and a quick ratio of 1.51. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.87 and a beta of 0.91. Core & Main, Inc. has a one year low of $43.96 and a one year high of $67.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CNM shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Core & Main from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Zacks Research cut Core & Main from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Barclays lowered their price objective on Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.64.

Insider Buying and Selling at Core & Main

In related news, CFO Robyn L. Bradbury sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.54, for a total value of $262,700.00. Following the sale, the chief financial officer owned 12,500 shares of the company’s stock, valued at $656,750. The trade was a 28.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Hope purchased 1,972 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average cost of $50.70 per share, for a total transaction of $99,980.40. Following the purchase, the director owned 6,939 shares in the company, valued at $351,807.30. This represents a 39.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.51% of the stock is owned by insiders.

Core & Main Company Profile

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.