South Street Advisors LLC Sells 20,473 Shares of Core & Main, Inc. $CNM

South Street Advisors LLC decreased its holdings in Core & Main, Inc. (NYSE:CNM) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 216,950 shares of the company’s stock after selling 20,473 shares during the period. Core & Main makes up about 1.6% of South Street Advisors LLC’s portfolio, making the stock its 26th biggest position. South Street Advisors LLC’s holdings in Core & Main were worth $11,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new stake in shares of Core & Main during the 4th quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Core & Main by 145.4% during the 2nd 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 last quarter. Whittier Trust Co. bought a new stake in shares of Core & Main during the 4th quarter valued at approximately $28,000. Cubist Systematic Strategies LLC grew its holdings in shares of Core & Main by 262.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after purchasing an additional 524 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of Core & Main by 5,013.3% during the 3rd quarter. Rothschild Investment LLC now owns 767 shares of the company’s stock valued at $41,000 after purchasing an additional 752 shares during the last quarter. 94.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director James D. Hope purchased 1,972 shares of Core & Main stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average cost of $50.70 per share, for a total transaction of $99,980.40. Following the transaction, the director directly owned 6,939 shares in the company, valued at $351,807.30. The trade was a 39.70% increase in their ownership of the stock. The transaction 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 the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.54, for a total transaction of $262,700.00. Following the completion of the sale, the chief financial officer directly owned 12,500 shares in the company, valued at approximately $656,750. This trade represents a 28.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.51% of the stock is owned by company insiders.

Core & Main Price Performance

Shares of NYSE:CNM opened at $49.24 on Friday. 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 capitalization of $9.59 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.77 and a beta of 0.93. The company’s fifty day moving average price is $49.39 and its 200-day moving average price is $51.83. Core & Main, Inc. has a one year low of $43.96 and a one year high of $67.18.

Core & Main 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.