Core & Main, Inc. $CNM Stake Boosted by Thrivent Financial for Lutherans
Thrivent Financial for Lutherans significantly increased its stake in Core & Main, Inc. (NYSE:CNM) during the third quarter, raising its holdings by 27.5%. Other institutional investors also adjusted their positions, and now institutional investors collectively own approximately 94.19% of the company's stock. Analysts maintain a "Moderate Buy" rating for Core & Main with an average target price of $62.00, following several recent price target upgrades and a $500 million share buyback authorization.