Fulcrum Asset Management LLP Makes New $1.58 Million Investment in Core & Main, Inc. $CNM

Fulcrum Asset Management LLP purchased a new stake in Core & Main, Inc. (NYSE:CNM) in the third quarter, HoldingsChannel.com reports. The fund purchased 37,824 shares of the company’s stock, valued at approximately $1,576,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Core & Main by 142.7% in the 3rd quarter. IFP Advisors Inc now owns 1,296 shares of the company’s stock valued at $54,000 after buying an additional 762 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Core & Main by 42.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,615 shares of the company’s stock worth $67,000 after acquiring an additional 485 shares during the period. EverSource Wealth Advisors LLC raised its position in Core & Main by 42.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,389 shares of the company’s stock valued at $118,000 after purchasing an additional 710 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in Core & Main during the second quarter worth $145,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Core & Main in the 1st quarter valued at $205,000. Institutional investors own 94.19% of the company’s stock.

Core & Main Stock Performance

NYSE CNM opened at $46.15 on Thursday. The firm’s fifty day moving average price is $42.76 and its two-hundred day moving average price is $47.56. The stock has a market cap of $8.79 billion, a PE ratio of 18.99, a PEG ratio of 1.99 and a beta of 0.91. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.47. Core & Main, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $59.66.

Core & Main (NYSE:CNM) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. Core & Main had a return on equity of 25.98% and a net margin of 5.96%. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the company earned $0.87 EPS. Core & Main’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Core & Main, Inc. will post 3.00 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Robert W. Baird lowered their price target on Core & Main from $57.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday. Jefferies Financial Group initiated coverage on Core & Main in a research note on Wednesday, November 4th. They issued a “buy” rating and a $53.00 price objective on the stock. William Blair assumed coverage on Core & Main in a research note on Thursday, July 23rd. They set a “market perform” rating for the company. Zacks Research raised Core & Main from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Northcoast Research cut shares of Core & Main from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.91.

Top Core & Main Stories

These are some of the CNM stories that stood out recently:

• Positive Sentiment: Fiscal 2026 revenue guidance is $7.8 billion–$7.9 billion, above the $7.7 billion consensus estimate. The company also announced preliminary third-quarter results, multiple acquisitions and record share repurchases, though further details were not provided in the report. Core & Main preliminary results and outlook
• Neutral Sentiment: Barclays cut its price target from $61 to $60 while retaining an “overweight” rating; Robert W. Baird lowered its target from $57 to $54 but maintained “outperform.” The target reductions temper, but do not reverse, the firms’ positive ratings. Barclays rating information
• Negative Sentiment: Third-quarter 2026 revenue guidance of $2.1 billion is below analysts’ $2.2 billion estimate. That near-term shortfall could weigh on sentiment despite the stronger full-year outlook.

About Core & Main

Core & Main, Inc. is a distributor of products and services used in water, wastewater, storm drainage, and fire protection infrastructure. Its customers include municipalities, water utilities, contractors, and other commercial and industrial organizations. The company offers products such as pipe, valves, fittings, hydrants, meters, and related supplies. It also provides services supporting infrastructure projects, including product fabrication and technical assistance. Based in St. Louis, Missouri, Core & Main serves customers across the United States through a network of branches.