XTX Topco Ltd Buys Shares of 43,304 Core & Main, Inc. $CNM

XTX Topco Ltd bought a new position in Core & Main, Inc. (NYSE:CNM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,304 shares of the company’s stock, valued at approximately $2,613,000.

A number of other large investors have also made changes to their positions in CNM. Bfsg LLC lifted its stake in shares of Core & Main by 56.4% in the 2nd quarter. Bfsg LLC now owns 560 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Core & Main by 815.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 641 shares of the company’s stock worth $39,000 after acquiring an additional 571 shares during the last quarter. Cubist Systematic Strategies LLC grew its position 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 acquiring an additional 524 shares during the period. CWM LLC increased its stake in shares of Core & Main by 34.0% in the 1st quarter. CWM LLC now owns 839 shares of the company’s stock worth $41,000 after purchasing an additional 213 shares in the last quarter. Finally, Steph & Co. purchased a new stake in shares of Core & Main in the 2nd quarter worth $53,000. 94.19% of the stock is currently owned by institutional investors.

Core & Main Trading Up 2.1%

Shares of CNM opened at $48.04 on Thursday. The stock has a market capitalization of $9.48 billion, a PE ratio of 21.45, a P/E/G ratio of 1.84 and a beta of 0.98. The company’s fifty day moving average is $50.69 and its 200 day moving average is $56.60. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.30 and a current ratio of 2.25. Core & Main, Inc. has a fifty-two week low of $43.17 and a fifty-two week high of $67.18.

Core & Main (NYSE:CNM) last issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Core & Main had a net margin of 5.57% and a return on equity of 25.44%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Core & Main has set its FY 2025 guidance at EPS. Sell-side analysts expect that Core & Main, Inc. will post 2.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CNM shares. Barclays cut their price target on Core & Main from $69.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Citigroup lowered their price objective on Core & Main from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 10th. Royal Bank Of Canada cut their price objective on Core & Main from $67.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Core & Main from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Zacks Research upgraded shares of Core & Main from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.64.

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.