Rep. April McClain Delaney Sells Core & Main, Inc. (NYSE:CNM) Shares

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 Trading Down 0.9%

Shares of CNM opened at $40.50 on Friday. 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, Inc. has a 52-week low of $40.41 and a 52-week high of $59.66. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.41 and a beta of 0.91. The business’s fifty day moving average is $44.48 and its 200-day moving average is $47.83.

Core & Main (NYSE:CNM) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.14 billion. Core & Main had a return on equity of 25.98% and a net margin of 5.96%.Core & Main’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities analysts anticipate that Core & Main, Inc. will post 3.08 EPS for the current fiscal year.

More Core & Main News

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

A number of institutional investors have recently made changes to their positions in CNM. California State Teachers Retirement System lifted its position in shares of Core & Main by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 219,934 shares of the company’s stock worth $10,865,000 after purchasing an additional 40,050 shares during the period. KBC Group NV raised its stake in Core & Main by 4.5% during the first quarter. KBC Group NV now owns 2,737,992 shares of the company’s stock worth $135,257,000 after buying an additional 119,076 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in Core & Main by 177.4% in the fourth quarter. WINTON GROUP Ltd now owns 33,015 shares of the company’s stock valued at $1,716,000 after buying an additional 21,113 shares during the period. Fox Hill Wealth Management acquired a new stake in Core & Main during the 4th quarter worth about $2,798,000. Finally, Fifth Third Bancorp boosted its position in shares of Core & Main by 742.6% during the 1st quarter. Fifth Third Bancorp now owns 66,014 shares of the company’s stock valued at $3,261,000 after purchasing an additional 58,179 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.

Insider Buying and Selling

In other news, Director James Hope purchased 2,067 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average cost of $46.01 per share, with a total value of $95,102.67. Following the purchase, the director owned 11,805 shares in the company, valued at $543,148.05. This represents a 21.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $53.00 price target on shares of Core & Main in a report on Thursday. Wells Fargo & Company dropped their price target on Core & Main from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on Core & Main in a report on Thursday. Citigroup lowered their target price on Core & Main from $53.00 to $46.00 and set a “neutral” rating for the company in a report on Friday. Finally, Royal Bank Of Canada cut their target price on shares of Core & Main from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.90.

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.

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.