Pictet Asset Management Holding Reduces $46M in Core & Main, Inc. ($CNM)
Key Points
- Pictet Asset Management Holding changed its Core & Main, Inc. ($CNM) stake by 12.5% last quarter, cutting to 6,514,667 shares worth $326.12 million.
- Wall Street's consensus rating on $CNM is Buy and an average price target of $60.60.
- $CNM last traded around $50.06.
Pictet Asset Management Holding reduced its position in Core & Main, Inc. ($CNM) by 12.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,514,667 shares of Core & Main, Inc. after selling 926,760 shares during the quarter. Pictet Asset Management Holding's holdings in Core & Main, Inc. were worth $326.12 million as of its most recent filing.
Core & Main, Inc. ($CNM) Stock
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About Core & Main, Inc.
Core & Main, Inc. engages in the distribution of water, wastewater, storm drainage, and fire protection products and related services in the United States. The company's products portfolio include pipes, valves, hydrants, fittings, and other products and services used for service, repair and replacement of underground water infrastructure; storm drainage products, such as corrugated HDPE and metal piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, valves, fittings, sprinkler heads and other accessories, as well as fabrication and kitting services; smart meter products; and smart metering solutions which include meter accessories, meter installation, network infrastructure and software installation, training, and long-term services, as well as engineered treatment plant products. Its specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. The company serves municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.
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