Sei Investments Co. Sells 23,865 Shares of Core & Main, Inc. (NYSE:CNM)

Sei Investments Co. trimmed its holdings in shares of Core & Main, Inc. (NYSE:CNM – Free Report) by 20.

4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 93,361 shares of the company’s stock after selling 23,865 shares during the period. Sei Investments Co.



’s holdings in Core & Main were worth $4,753,000 as of its most recent filing with the SEC. Several other institutional investors have also made changes to their positions in CNM. State Street Corp increased its position in shares of Core & Main by 9.

7% during the 3rd quarter. State Street Corp now owns 5,522,009 shares of the company’s stock worth $245,177,000 after purchasing an additional 489,224 shares in the last quarter. Royal London Asset Management Ltd.

increased its holdings in shares of Core & Main by 1.3% during the fourth quarter. Royal London Asset Management Ltd.

now owns 3,810,739 shares of the company’s stock worth $194,005,000 after buying an additional 48,833 shares in the last quarter. Amundi raised its stake in shares of Core & Main by 5.7% in the fourth quarter.

Amundi now owns 3,659,261 shares of the company’s stock valued at $186,722,000 after acquiring an additional 196,828 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Core & Main by 70.4% in the 4th quarter.

Impax Asset Management Group plc now owns 3,430,787 shares of the company’s stock worth $174,661,000 after acquiring an additional 1,416,907 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Core & Main by 14.5% during the 3rd quarter.

Geode Capital Management LLC now owns 3,261,964 shares of the company’s stock worth $144,869,000 after acquiring an additional 412,520 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Core & Main Price PerformanceCNM opened at $50.92 on Thursday. The company has a fifty day moving average price of $51.

46 and a two-hundred day moving average price of $49.08. The firm has a market capitalization of $10.

12 billion, a PE ratio of 23.91, a P/E/G ratio of 2.61 and a beta of 1.

05. Core & Main, Inc. has a 52 week low of $37.

22 and a 52 week high of $62.15. The company has a debt-to-equity ratio of 1.

36, a quick ratio of 1.28 and a current ratio of 2.14.

Core & Main (NYSE:CNM – Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.

36 by ($0.03). The firm had revenue of $1.

70 billion during the quarter, compared to the consensus estimate of $1.67 billion. Core & Main had a net margin of 5.

71% and a return on equity of 24.71%. The firm’s revenue for the quarter was up 17.

9% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS.

As a group, analysts anticipate that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Insider Buying and SellingIn related news, President Bradford A. Cowles sold 25,000 shares of Core & Main stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $54.

48, for a total value of $1,362,000.00. Following the sale, the president now owns 16,010 shares of the company’s stock, valued at approximately $872,224.

80. This trade represents a 60.96 % decrease in their position.

The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Schaller sold 21,868 shares of the company’s stock in a transaction that occurred on Monday, March 10th.

The stock was sold at an average price of $46.82, for a total value of $1,023,859.76.

Following the transaction, the executive vice president now directly owns 16,452 shares of the company’s stock, valued at approximately $770,282.64. This trade represents a 57.

07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 184,294 shares of company stock valued at $9,383,685.

3.49% of the stock is owned by corporate insiders. Wall Street Analysts Forecast GrowthSeveral brokerages have recently commented on CNM.

Robert W. Baird decreased their target price on Core & Main from $66.00 to $65.

00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Barclays increased their price objective on shares of Core & Main from $57.00 to $65.

00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Loop Capital boosted their target price on shares of Core & Main from $52.00 to $63.

00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reduced their target price on shares of Core & Main from $62.00 to $60.

00 and set an “outperform” rating on the stock in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of Core & Main from $50.00 to $57.

00 and gave the stock 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 seven have assigned a buy rating to the stock. According to data from MarketBeat, Core & Main has an average rating of “Moderate Buy” and a consensus target price of $57.

55.Read Our Latest Stock Report on Core & MainAbout Core & Main (Free Report)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.

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