Fox Hill Wealth Management Purchases New Position in Core & Main, Inc. $CNM

Fox Hill Wealth Management purchased a new stake in Core & Main, Inc. (NYSE:CNM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 holdings, making the stock its 21st biggest holding.

Several other large investors have also made changes to their positions in the company. Empowered Funds LLC bought a new stake in shares of Core & Main in the 4th quarter valued at approximately $454,000. Illinois Municipal Retirement Fund grew its stake in shares of Core & Main by 35.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 87,656 shares of the company’s stock valued at $4,555,000 after buying an additional 22,981 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Core & Main by 1.1% in the 4th quarter. Deutsche Bank AG now owns 17,859 shares of the company’s stock valued at $928,000 after buying an additional 190 shares in the last quarter. LPL Financial LLC grew its stake in shares of Core & Main by 2.2% in the 4th quarter. LPL Financial LLC now owns 20,476 shares of the company’s stock valued at $1,064,000 after buying an additional 449 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Core & Main by 183.1% in the 4th quarter. Franklin Resources Inc. now owns 17,490 shares of the company’s stock valued at $909,000 after buying an additional 11,312 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.

Core & Main News Summary

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 Stock Up 1.3%

Shares of CNM stock opened at $50.07 on Friday. Core & Main, Inc. has a 12 month low of $43.96 and a 12 month high of $67.18. The firm has a market cap of $9.75 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. The stock has a 50 day moving average of $49.85 and a 200-day moving average of $52.11. The company has a quick ratio of 1.51, a current ratio of 2.31 and a debt-to-equity ratio of 1.00.

Core & Main (NYSE:CNM) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.19. Core & Main had a return on equity of 26.17% and a net margin of 5.87%.The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Core & Main, Inc. will post 3.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CNM. The Goldman Sachs Group reissued a “neutral” rating and issued a $24.00 price target on shares of Core & Main in a research note on Thursday. Citigroup decreased their target price on Core & Main from $54.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on Core & Main from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Finally, Barclays decreased their target price on Core & Main from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Core & Main currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.73.

Insiders Place Their Bets

In related news, CFO Robyn L. Bradbury sold 5,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.54, for a total value of $262,700.00. Following the completion of the transaction, the chief financial officer directly owned 12,500 shares in the company, valued at approximately $656,750. This represents a 28.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Hope bought 1,972 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average price of $50.70 per share, with a total value of $99,980.40. Following the completion of the purchase, the director directly owned 6,939 shares of the company’s stock, valued at $351,807.30. This represents a 39.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.51% of the company’s stock.

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.