Core & Main (NYSE:CNM) Stock Unloaded Rep. April McClain Delaney

Key Points

• Rep. April McClain Delaney sold $100,001–$250,000 of Core & Main stock on August 25, according to a September 9 disclosure. She also reported selling shares of several other companies, including Wabtec, Viking, Trimble and TransDigm.
• Core & Main exceeded quarterly expectations, reporting $0.94 in EPS versus a $0.91 consensus and $2.15 billion in revenue, up 2.5% year over year. Management reaffirmed fiscal 2026 revenue guidance of $7.8 billion to $7.9 billion.
• Analyst sentiment remains a Moderate Buy, with a consensus price target of $55.60, although several firms recently reduced their targets amid concerns about tepid organic growth in smart utilities and storm drainage.

Representative April McClain Delaney (Democratic-Maryland) recently sold shares of Core & Main, Inc. NYSE: CNM. In a filing disclosed on September 09th, the Representative disclosed that they had sold between $100,001 and $250,000 in Core & Main stock on August 25th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Wabtec NYSE: WAB on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Viking NYSE: VIK on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Trimble NASDAQ: TRMB on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Transdigm Group NYSE: TDG on 8/25/2026.
• Sold $15,001 - $50,000 in shares of Tractor Supply NASDAQ: TSCO on 8/25/2026.
• Sold $15,001 - $50,000 in shares of Middleby NASDAQ: MIDD on 8/25/2026.
• Sold $15,001 - $50,000 in shares of Teledyne Technologies NYSE: TDY on 8/25/2026.
• Sold $100,001 - $250,000 in shares of STERIS NYSE: STE on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Somnigroup International NYSE: SGI on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Signet Jewelers NYSE: SIG on 8/25/2026.

Core & Main Stock Performance

Core & Main stock opened at $40.71 on Friday. The firm has a market capitalization of $7.88 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. Core & Main, Inc. has a one year low of $40.41 and a one year high of $59.66. The stock's 50 day moving average price is $44.57 and its 200 day moving average price is $47.88. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.31 and a current ratio of 2.47.

Core & Main (NYSE:CNM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.03. Core & Main had a net margin of 5.96% and a return on equity of 25.98%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The business's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that Core & Main, Inc. will post 3.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Core & Main

A number of hedge funds have recently bought and sold shares of CNM. Morgan Stanley lifted its holdings in Core & Main by 8.3% in the fourth quarter. Morgan Stanley now owns 14,586,859 shares of the company's stock worth $758,079,000 after acquiring an additional 1,118,145 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Core & Main by 4,688.8% during the 2nd quarter. California State Teachers Retirement System now owns 10,532,203 shares of the company's stock worth $508,179,000 after purchasing an additional 10,312,269 shares during the period. Capital World Investors lifted its holdings in shares of Core & Main by 5.8% in the 4th quarter. Capital World Investors now owns 6,292,740 shares of the company's stock worth $327,034,000 after purchasing an additional 344,606 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Core & Main by 15.3% in the 1st quarter. First Trust Advisors LP now owns 6,130,840 shares of the company's stock worth $302,863,000 after purchasing an additional 812,770 shares during the last quarter. Finally, State Street Corp boosted its position in Core & Main by 1.0% during the 4th quarter. State Street Corp now owns 5,733,516 shares of the company's stock valued at $297,971,000 after purchasing an additional 54,562 shares during the period. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of Core & Main in a report on Thursday. Truist Financial cut their price objective on shares of Core & Main from $50.00 to $45.00 and set a "hold" rating on the stock in a report on Thursday. Barclays lowered their target price on Core & Main from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday. Royal Bank Of Canada dropped their target price on Core & Main from $63.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Northcoast Research cut Core & Main from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Core & Main currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.60.

Trending Headlines about Core & Main

Here are the key news stories impacting Core & Main this week:

• Positive Sentiment: Core & Main reported fiscal second-quarter adjusted earnings of $0.94 per share, ahead of the roughly $0.91–$0.93 consensus, while revenue of $2.15 billion increased 2.5% year over year and slightly exceeded estimates. Core & Main Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management reaffirmed its fiscal 2026 outlook, including revenue of $7.8 billion to $7.9 billion, above the approximately $7.7 billion analyst consensus. Growth was supported by fire-protection products and acquisitions. Core & Main Reaffirms FY26 Outlook
• Neutral Sentiment: Brokerage sentiment remains generally constructive, with Core & Main receiving a consensus rating of “Moderate Buy.” Robert W. Baird kept an “outperform” rating but lowered its price target from $66 to $57, still implying substantial potential upside from recent levels. Core & Main Given Consensus Rating of Moderate Buy
• Negative Sentiment: Truist cut its price target from $50 to $45 and maintained a “hold” rating, signaling more limited near-term conviction despite the target remaining above the recent share price. Truist Cuts Price Target on Core & Main
• Negative Sentiment: Investors are concerned that growth in smart utilities and storm drainage remains tepid, prompting analysts to reduce forecasts after the earnings report. The stock subsequently reached a two-year low as markets weighed subdued organic growth against the earnings beat. Core & Main Slides to Two-Year Low on Organic Growth Concerns

Insider Buying and Selling

In other news, Director James Hope purchased 2,067 shares of Core & Main stock in a transaction dated Monday, July 6th. The stock was bought at an average price of $46.01 per share, with a total value of $95,102.67. Following the completion of the acquisition, the director owned 11,805 shares in the company, valued at $543,148.05. The trade was a 21.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.51% of the stock is currently owned by insiders.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

About Core & Main

Core & Main, Inc NYSE: CNM is a specialized distributor of water, wastewater, storm drainage and fire protection products in the United States. The company supplies infrastructure materials used in the construction, maintenance and repair of public and private utility systems.

Its product offerings include ductile iron and PVC pipe, valves, hydrants, water meters, storm drainage systems, pipe fittings, fire protection equipment and related products. Core & Main also provides services such as product sourcing, technical support, fabrication, field assistance and inventory management to help customers complete infrastructure projects.

Core & Main serves municipalities, utility contractors, water and wastewater authorities, private water companies, civil and site-development contractors, and other industrial customers through a nationwide distribution network.

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