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

Representative April McClain Delaney (D-Maryland) recently bought shares of Core & Main, Inc. NYSE: CNM. In a filing disclosed on May 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Core & Main stock on April 7th.

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

• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of Bio-Techne NASDAQ: TECH on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Dayforce NYSE: DAY on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 4/24/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 4/16/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 4/10/2025.
• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Bio-Techne NASDAQ: TECH on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of IDEXX Laboratories NASDAQ: IDXX on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 4/9/2025.

Core & Main Stock Down 0.3%

Shares of Core & Main stock traded down $0.18 on Friday, reaching $51.66. The company's stock had a trading volume of 955,540 shares, compared to its average volume of 2,309,804. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.61 and a beta of 1.04. The firm's fifty day simple moving average is $49.24 and its two-hundred day simple moving average is $50.22. Core & Main, Inc. has a 52 week low of $37.22 and a 52 week high of $62.15. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 1.36.

Core & Main (NYSE:CNM - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business posted $0.34 EPS. The firm's revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts anticipate that Core & Main, Inc. will post 2.16 earnings per share for the current year.

Institutional Trading of Core & Main

Several hedge funds have recently bought and sold shares of CNM. Raymond James Financial Inc. bought a new stake in Core & Main during the fourth quarter valued at about $115,555,000. Norges Bank bought a new stake in Core & Main during the fourth quarter valued at about $99,734,000. Impax Asset Management Group plc grew its holdings in Core & Main by 70.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,430,787 shares of the company's stock valued at $174,661,000 after purchasing an additional 1,416,907 shares during the period. Jennison Associates LLC bought a new stake in Core & Main during the first quarter valued at about $54,742,000. Finally, Federated Hermes Inc. grew its holdings in Core & Main by 4,757.9% during the fourth quarter. Federated Hermes Inc. now owns 1,138,346 shares of the company's stock valued at $57,953,000 after purchasing an additional 1,114,913 shares during the period. Institutional investors own 94.19% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Core & Main from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Royal Bank of Canada cut their price objective on Core & Main from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Core & Main in a report on Tuesday, April 1st. They issued a "buy" rating and a $60.00 price objective for the company. Finally, Robert W. Baird cut their price objective on Core & Main from $66.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $57.55.

Insider Buying and Selling at Core & Main

In other news, President Bradford A. Cowles sold 25,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $54.48, for a total value of $1,362,000.00. Following the transaction, the president now directly owns 16,010 shares in the company, valued at $872,224.80. The trade was a 60.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John Weldon Stephens sold 41,963 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $50.48, for a total value of $2,118,292.24. Following the completion of the transaction, the chief accounting officer now owns 4,120 shares in the company, valued at $207,977.60. The trade was a 91.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,045 shares of company stock valued at $5,045,698. Company insiders own 3.49% of the company's stock.

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.

Core & Main Company 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.