Core & Main (NYSE:CNM) Shares Sold Off Rep. April McClain Delaney

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 Price Performance

CNM stock traded down $0.35 during trading on Friday, hitting $40.50. The stock had a trading volume of 3,841,211 shares, compared to its average volume of 2,384,699. The company’s 50 day moving average price is $44.57 and its two-hundred day moving average price is $47.88. Core & Main, Inc. has a 1-year low of $40.41 and a 1-year high of $59.66. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. 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) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Core & Main had a net margin of 5.96% and a return on equity of 25.98%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. On average, sell-side analysts forecast that Core & Main, Inc. will post 3.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CNM has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of Core & Main from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of Core & Main in a research note on Thursday. Citigroup cut their price target on Core & Main from $53.00 to $46.00 and set a “neutral” rating for the company in a report on Friday. Robert W. Baird reduced their price target on Core & Main from $66.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Northcoast Research downgraded Core & Main from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.90.

Core & Main News Summary

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

• Positive Sentiment: Core & Main reported second-quarter adjusted earnings of $0.94 per share, above the $0.91 analyst consensus, while revenue increased 2.5% year over year to approximately $2.15 billion. The results indicate continued profitability and modest sales growth. Core & Main Q2 adjusted earnings beat estimates as revenue rises 2.5%
• Positive Sentiment: Robert W. Baird maintained an “outperform” rating, with its $57 price target still implying substantial potential upside from current levels, despite reducing the target from $66. Baird lowers Core & Main price target
• Neutral Sentiment: Brokerages continue to assign Core & Main a consensus “Moderate Buy” rating, suggesting analysts remain constructive overall, although recent target reductions indicate less confidence in near-term upside. Core & Main receives Moderate Buy consensus
• Negative Sentiment: Shares fell to a two-year low amid investor concerns that organic growth is weakening. The market appears to be questioning whether Core & Main can sustain growth beyond acquisitions and favorable comparisons. Core & Main slides on organic growth concerns
• Negative Sentiment: Analysts lowered their forecasts following the second-quarter report. Truist cut its target to $45 from $50 and kept a “hold” rating, while Baird reduced its target to $57 from $66. The revisions signal that the earnings beat did not fully offset concerns about the company’s outlook. Truist cuts Core & Main price target

Institutional Investors Weigh In On Core & Main

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNM. WINTON GROUP Ltd grew its stake in Core & Main by 41.4% during the second quarter. WINTON GROUP Ltd now owns 46,061 shares of the company’s stock worth $2,222,000 after buying an additional 13,482 shares during the period. Squarepoint Ops LLC raised its stake in shares of Core & Main by 109.4% in the 2nd quarter. Squarepoint Ops LLC now owns 215,273 shares of the company’s stock valued at $10,387,000 after acquiring an additional 112,444 shares during the period. Allworth Financial LP raised its stake in shares of Core & Main by 176.7% in the 2nd quarter. Allworth Financial LP now owns 33,752 shares of the company’s stock valued at $1,629,000 after acquiring an additional 21,555 shares during the period. Nykredit A S acquired a new position in shares of Core & Main during the 2nd quarter valued at $231,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Core & Main during the 2nd quarter valued at $4,461,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director James Hope purchased 2,067 shares of Core & Main stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average cost of $46.01 per share, with a total value of $95,102.67. Following the transaction, the director owned 11,805 shares of the company’s stock, valued at approximately $543,148.05. The trade was a 21.23% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.51% 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.

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.