Core & Main, Inc. $CNM Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 109.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,273 shares of the company’s stock after acquiring an additional 112,444 shares during the period. Squarepoint Ops LLC’s holdings in Core & Main were worth $10,387,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Core & Main by 145.4% in the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 269 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Core & Main by 262.0% during the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after purchasing an additional 524 shares in the last quarter. Quarry LP bought a new stake in shares of Core & Main during the fourth quarter valued at about $38,000. Los Angeles Capital Management LLC acquired a new stake in Core & Main in the fourth quarter worth about $44,000. Finally, Root Financial Partners LLC grew its position in Core & Main by 111.6% in the 1st quarter. Root Financial Partners LLC now owns 895 shares of the company’s stock valued at $44,000 after buying an additional 472 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

Core & Main Stock Down 2.1%

CNM stock opened at $40.71 on Friday. The firm has a market cap of $7.88 billion, a PE ratio of 16.75, a P/E/G ratio of 1.43 and a beta of 0.91. Core & Main, Inc. has a 12 month low of $40.41 and a 12 month high of $59.66. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.47 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $44.57 and a 200 day simple moving average of $47.88.

Core & Main (NYSE:CNM) last posted 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 firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.14 billion. Core & Main had a net margin of 5.96% and a return on equity of 25.98%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. Equities research analysts forecast that Core & Main, Inc. will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Core & Main

In related news, Director James Hope bought 2,067 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average cost of $46.01 per share, for a total transaction of $95,102.67. Following the acquisition, the director directly owned 11,805 shares of the company’s stock, valued at $543,148.05. The trade was a 21.23% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on CNM shares. Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of Core & Main in a research note on Thursday. Barclays reduced their price target on shares of Core & Main from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday. Robert W. Baird lowered their price objective on shares of Core & Main from $66.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial lowered 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. Finally, William Blair assumed coverage on Core & Main in a report on Thursday, July 23rd. They set a “market perform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

Key Core & Main News

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

• Positive Sentiment: Core & Main reported fiscal second-quarter adjusted earnings of $0.94 per share, ahead of the roughly $0.91–$0.93 consensus, while revenue of $2.15 billion increased 2.5% year over year and slightly exceeded estimates. Core & Main Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management reaffirmed its fiscal 2026 outlook, including revenue of $7.8 billion to $7.9 billion, above the approximately $7.7 billion analyst consensus. Growth was supported by fire-protection products and acquisitions. Core & Main Reaffirms FY26 Outlook
• Neutral Sentiment: Brokerage sentiment remains generally constructive, with Core & Main receiving a consensus rating of “Moderate Buy.” Robert W. Baird kept an “outperform” rating but lowered its price target from $66 to $57, still implying substantial potential upside from recent levels. Core & Main Given Consensus Rating of Moderate Buy
• Negative Sentiment: Truist cut its price target from $50 to $45 and maintained a “hold” rating, signaling more limited near-term conviction despite the target remaining above the recent share price. Truist Cuts Price Target on Core & Main
• Negative Sentiment: Investors are concerned that growth in smart utilities and storm drainage remains tepid, prompting analysts to reduce forecasts after the earnings report. The stock subsequently reached a two-year low as markets weighed subdued organic growth against the earnings beat. Core & Main Slides to Two-Year Low on Organic Growth Concerns

Core & Main Company Profile

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.