Gitterman Wealth Management LLC Has $616,000 Stake in Core & Main, Inc. (NYSE:CNM)

Gitterman Wealth Management LLC boosted its position in shares of Core & Main, Inc. (NYSE:CNM) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,097 shares of the company’s stock after acquiring an additional 1,673 shares during the quarter. Core & Main accounts for approximately 0.3% of Gitterman Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Gitterman Wealth Management LLC’s holdings in Core & Main were worth $616,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CNM. Avior Wealth Management LLC increased its position in Core & Main by 51.3% during the fourth quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock worth $41,000 after acquiring an additional 271 shares during the period. UMB Bank n.a. grew its stake in Core & Main by 246.0% during the fourth quarter. UMB Bank n.a. now owns 962 shares of the company’s stock worth $49,000 after buying an additional 684 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Core & Main during the third quarter worth about $49,000. Blue Trust Inc. grew its stake in Core & Main by 187.4% during the fourth quarter. Blue Trust Inc. now owns 1,273 shares of the company’s stock worth $65,000 after buying an additional 830 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Core & Main during the fourth quarter worth about $78,000. 94.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Core & Main

In other news, EVP John R. Schaller sold 60,452 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $50.57, for a total value of $3,057,057.64. Following the sale, the executive vice president now directly owns 17,898 shares of the company’s stock, valued at approximately $905,101.86. This represents a 77.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.49, for a total transaction of $2,524,500.00. Following the completion of the sale, the general counsel now directly owns 7,667 shares in the company, valued at approximately $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. Insiders have sold a total of 184,294 shares of company stock valued at $9,383,685 over the last three months. 3.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CNM shares. The Goldman Sachs Group raised their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Barclays raised their price target 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 lifted their price target on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Robert W. Baird lifted their price target on shares of Core & Main from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Truist Financial lifted their price target on shares of Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

Core & Main Price Performance

CNM opened at $47.65 on Friday. The firm has a market cap of $9.47 billion, a P/E ratio of 22.37, a PEG ratio of 2.61 and a beta of 1.05. The firm has a 50-day moving average of $52.60 and a 200 day moving average of $48.49. 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, Inc. has a fifty-two week low of $37.22 and a fifty-two week 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.