UMB Bank n.a. Has $49,000 Stock Holdings in Core & Main, Inc. (NYSE:CNM)

UMB Bank n.a. grew its position in shares of Core & Main, Inc. (NYSE:CNM) by 246.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 962 shares of the company’s stock after acquiring an additional 684 shares during the quarter. UMB Bank n.a.’s holdings in Core & Main were worth $49,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Core & Main by 153.8% during the second quarter. Envestnet Asset Management Inc. now owns 126,729 shares of the company’s stock worth $6,202,000 after purchasing an additional 76,804 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Core & Main by 5.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,247 shares of the company’s stock worth $648,000 after buying an additional 705 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Core & Main during the 2nd quarter worth about $243,000. Xponance Inc. boosted its stake in shares of Core & Main by 40.1% during the 2nd quarter. Xponance Inc. now owns 28,645 shares of the company’s stock worth $1,402,000 after buying an additional 8,206 shares during the last quarter. Finally, Select Equity Group L.P. grew its holdings in shares of Core & Main by 0.3% in the 2nd quarter. Select Equity Group L.P. now owns 15,426,777 shares of the company’s stock valued at $754,986,000 after acquiring an additional 39,475 shares in the last quarter. 94.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Core & Main news, CEO Stephen O. Leclair sold 200,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.88, for a total transaction of $10,976,000.00. Following the transaction, the chief executive officer now owns 92,349 shares in the company, valued at $5,068,113.12. This trade represents a 68.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret Newman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $55.25, for a total transaction of $828,750.00. Following the completion of the sale, the director now directly owns 11,769 shares of the company’s stock, valued at approximately $650,237.25. The trade was a 56.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 427,426 shares of company stock valued at $22,923,825. Insiders own 3.49% of the company’s stock.

Wall Street Analyst Weigh In

CNM has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Core & Main from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Loop Capital upped their price objective on 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 reissued an “outperform” rating and issued a $62.00 target price (up from $53.00) on shares of Core & Main in a research note on Wednesday, December 4th. Robert W. Baird upped their price target on shares of Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Citigroup lifted their price objective on shares of Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Core & Main has an average rating of “Moderate Buy” and a consensus target price of $57.30.

Core & Main Price Performance

Shares of CNM opened at $56.41 on Friday. The company’s 50-day moving average is $51.39 and its 200-day moving average is $48.24. 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 firm has a market capitalization of $11.21 billion, a PE ratio of 26.49, a PEG ratio of 3.16 and a beta of 1.02. Core & Main, Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $62.15.

Core & Main (NYSE:CNM) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Equities analysts forecast that Core & Main, Inc. will post 2.16 EPS for the current year.

Core & Main Profile

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.