Camrose Capital Investment Partners LLP Has $57.96 Million Stock Holdings in Core & Main, Inc. $CNM

Camrose Capital Investment Partners LLP grew its holdings in Core & Main, Inc. (NYSE:CNM) by 33.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 960,374 shares of the company’s stock after purchasing an additional 242,496 shares during the quarter. Core & Main makes up approximately 14.5% of Camrose Capital Investment Partners LLP’s holdings, making the stock its biggest holding. Camrose Capital Investment Partners LLP’s holdings in Core & Main were worth $57,959,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of Core & Main by 24.0% during the first quarter. PNC Financial Services Group Inc. now owns 5,326 shares of the company’s stock worth $257,000 after buying an additional 1,032 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Core & Main by 6.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,781,525 shares of the company’s stock worth $86,065,000 after acquiring an additional 114,760 shares during the period. Townsquare Capital LLC bought a new stake in shares of Core & Main during the 1st quarter valued at $327,000. Bornite Capital Management LP bought a new stake in shares of Core & Main during the 1st quarter valued at $14,493,000. Finally, Nuveen LLC acquired a new position in shares of Core & Main in the 1st quarter valued at $44,028,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CNM has been the subject of a number of analyst reports. Barclays decreased their price objective on Core & Main from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. Wells Fargo & Company decreased their target price on Core & Main from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday. Zacks Research raised Core & Main from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Citigroup cut their price target on shares of Core & Main from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Core & Main from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Core & Main Stock Up 0.8%

Shares of Core & Main stock opened at $50.27 on Monday. The company has a market capitalization of $9.92 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.25 and a quick ratio of 1.30. The business has a 50-day moving average of $50.43 and a two-hundred day moving average of $56.42. Core & Main, Inc. has a 1 year low of $43.17 and a 1 year high of $67.18.

Core & Main (NYSE:CNM) last issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. Core & Main had a return on equity of 25.44% and a net margin of 5.57%.The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the firm earned $0.61 EPS. Core & Main’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts predict 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.