Thrivent Financial for Lutherans Raises Position in Core & Main, Inc. (NYSE:CNM)

Thrivent Financial for Lutherans raised its position in Core & Main, Inc. (NYSE:CNM) by 16.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 126,657 shares of the company’s stock after acquiring an additional 17,432 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Core & Main were worth $6,448,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Core & Main by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,666,765 shares of the company’s stock worth $84,855,000 after acquiring an additional 122,240 shares during the last quarter. Quest Partners LLC lifted its holdings in Core & Main by 1,195,600.0% in the 3rd quarter. Quest Partners LLC now owns 11,957 shares of the company’s stock valued at $531,000 after purchasing an additional 11,956 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Core & Main by 70.4% during the 4th quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company’s stock worth $174,661,000 after purchasing an additional 1,416,907 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Core & Main during the third quarter worth $774,000. Finally, Douglass Winthrop Advisors LLC raised its position in shares of Core & Main by 23.3% in the third quarter. Douglass Winthrop Advisors LLC now owns 70,272 shares of the company’s stock valued at $3,120,000 after buying an additional 13,263 shares during the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Core & Main

In other Core & Main news, EVP John R. Schaller sold 60,452 shares of the company’s stock in a transaction on 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 $905,101.86. This represents a 77.16 % decrease 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, General Counsel Mark G. Whittenburg sold 50,000 shares of Core & Main stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.49, for a total value of $2,524,500.00. Following the completion of the sale, the general counsel now directly owns 7,667 shares of the company’s stock, valued at $387,106.83. The trade was a 86.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,294 shares of company stock worth $9,383,685. 3.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CNM shares. Loop Capital boosted their price target on shares of Core & Main from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Citigroup increased their price target on Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price objective (up previously from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. Barclays raised their target price on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Core & Main has a consensus rating of “Moderate Buy” and a consensus price target of $57.60.

Core & Main Trading Down 0.7 %

NYSE CNM opened at $48.19 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.14 and a quick ratio of 1.28. The stock has a market capitalization of $9.57 billion, a P/E ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05. The firm’s 50-day moving average is $52.32 and its two-hundred day moving average is $48.56. Core & Main, Inc. has a 12 month low of $37.22 and a 12 month high of $62.15.

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.