Fox Hill Wealth Management Makes New Investment in Core & Main, Inc. $CNM

Key Points

• Fox Hill Wealth Management opened a new position in Core & Main during the fourth quarter, buying 53,848 shares worth about $2.8 million. The stake now represents roughly 1.3% of Fox Hill’s portfolio.
• Core & Main recently delivered a strong quarter, reporting EPS of $0.72 versus expectations of $0.53 and revenue of $1.91 billion, both ahead of estimates. Management also reaffirmed full-year guidance and pointed to revenue of $7.8 billion to $7.9 billion.
• Analyst sentiment remains mixed but generally constructive, with a Moderate Buy consensus and average target price of $57.73. Meanwhile, insider trading showed CFO Robyn L. Bradbury sold shares, while Director James D. Hope bought shares.

Fox Hill Wealth Management purchased a new position in Core & Main, Inc. (NYSE:CNM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 53,848 shares of the company's stock, valued at approximately $2,798,000. Core & Main makes up 1.3% of Fox Hill Wealth Management's portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new stake in Core & Main during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings in Core & Main by 145.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company's stock worth $27,000 after buying an additional 269 shares during the period. Whittier Trust Co. acquired a new stake in Core & Main during the 4th quarter worth about $28,000. Cubist Systematic Strategies LLC raised its holdings in Core & Main by 262.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company's stock worth $35,000 after buying an additional 524 shares during the period. Finally, Rothschild Investment LLC raised its holdings in Core & Main by 5,013.3% during the 3rd quarter. Rothschild Investment LLC now owns 767 shares of the company's stock worth $41,000 after buying an additional 752 shares during the period. 94.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CNM has been the topic of several recent analyst reports. The Goldman Sachs Group restated a "neutral" rating and set a $24.00 price objective on shares of Core & Main in a report on Thursday. Barclays cut their price objective on Core & Main from $63.00 to $62.00 and set an "overweight" rating on the stock in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft cut their price objective on Core & Main from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, March 25th. Finally, Citigroup cut their price objective on Core & Main from $54.00 to $53.00 and set a "neutral" rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.73.

Insider Transactions at Core & Main

In other news, CFO Robyn L. Bradbury sold 5,000 shares of the company's stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.54, for a total value of $262,700.00. Following the transaction, the chief financial officer owned 12,500 shares in the company, valued at $656,750. This represents a 28.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Hope bought 1,972 shares of the company's stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average price of $50.70 per share, for a total transaction of $99,980.40. Following the acquisition, the director directly owned 6,939 shares in the company, valued at $351,807.30. This trade represents a 39.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.51% of the stock is owned by corporate insiders.

Core & Main Price Performance

Shares of CNM opened at $50.07 on Friday. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.78 and a beta of 0.91. Core & Main, Inc. has a fifty-two week low of $43.96 and a fifty-two week high of $67.18. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.31 and a quick ratio of 1.51. The business's 50-day moving average is $49.85 and its 200-day moving average is $52.11.

Core & Main (NYSE:CNM - Get Free Report) last issued its earnings results on Wednesday, June 10th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.19. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. Core & Main had a return on equity of 26.17% and a net margin of 5.87%.The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Equities research analysts expect that Core & Main, Inc. will post 3.06 EPS for the current fiscal year.

Core & Main News Roundup

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

• Positive Sentiment: Core & Main reported Q1 earnings of $0.72 per share, well ahead of expectations, and revenue of $1.91 billion also topped estimates, signaling stronger-than-expected operating performance. Core & Main Announces Fiscal 2026 First Quarter Results
• Positive Sentiment: Management reaffirmed FY2026 guidance and pointed to revenue of $7.8 billion to $7.9 billion, which is slightly above consensus and suggests confidence in demand trends and margin execution. Core & Main beats first quarter estimates, reaffirms outlook
• Positive Sentiment: Post-earnings coverage highlighted “municipal strength” and margin gains, with the company leaning on durable water infrastructure work while expanding profitability. 4 Manufacturing Tools Stocks to Watch Despite Industry Headwinds
• Neutral Sentiment: Citigroup trimmed its price target to $53 from $54 and kept a neutral rating, indicating limited near-term upside from current levels despite the earnings beat. Benzinga analyst update
• Neutral Sentiment: Several articles focused on valuation and transcript recaps, suggesting investors are still assessing whether the recent pullback creates an attractive entry point after the post-earnings move. Assessing Core & Main (CNM) Valuation After Recent Share Price Pullback
• Negative Sentiment: Some coverage noted that pipes, valves, fittings, and storm drainage remain softer, and that the stock’s recent drop may reflect concern that not all end markets are improving evenly. Core & Main's Drop Doesn't Offer An Entry Point

Core & Main Company Profile

Core & Main, Inc NYSE: CNM is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company's product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.

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