Core & Main, Inc. (NYSE:CNM) Receives Average Rating of "Hold" from Analysts
Core & Main, Inc. (NYSE:CNM) has received a consensus "Hold" rating from 13 analysts, with an average 12-month price target of $54.70. Recent analyst opinions have been mixed, including downgrades and upgrades. The company's latest quarterly results exceeded expectations, with EPS of $0.94 and revenue of $2.15 billion.
Core & Main, Inc. $CNM Stock Purchased by CX Institutional
CX Institutional significantly increased its stake in Core & Main (NYSE:CNM) during the third quarter, purchasing 118,561 shares to hold a total of 118,617 shares valued at approximately $4.92 million. This move highlights institutional confidence, with such investors and hedge funds owning 94.19% of the company's stock. Core & Main reported strong quarterly earnings, beating consensus estimates, and analysts currently maintain a "Hold" rating with an average price target of $54.70.
Core & Main, Inc. (CNM) Stock forecasts
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Tidal Investments LLC Reduces Position in Core & Main, Inc. $CNM
Tidal Investments LLC significantly reduced its stake in Core & Main (NYSE:CNM) by 94.9% in the second quarter, selling over 200,000 shares but still holding shares worth approximately $524,000. Despite this reduction, other institutional investors have increased their holdings, and Core & Main reported strong quarterly earnings, exceeding revenue and EPS estimates. Analysts maintain a "Moderate Buy" consensus rating for the stock, with an average price target of $55.64, compared to a recent share price of $43.00.
Core and Main: Dropping Coverage
Morningstar is discontinuing its analyst coverage of Core and Main (CNM) on or about October 5, 2026. Prior reports by Joshua Aguilar had indicated that Core and Main's stock was discounted due to strong cash generation. This announcement signifies a change in Morningstar's research focus for the company.
Core & Main, Inc. $CNM Stock Position Lifted by California State Teachers Retirement System
The California State Teachers Retirement System significantly increased its stake in Core & Main, Inc. (NYSE:CNM) by 4,688.8% during the second quarter, now owning 5.44% of the company valued at $508 million. This comes as Core & Main exceeded earnings expectations, reporting $0.94 EPS against a $0.91 consensus, with revenue up 2.5% year-over-year. Analysts currently hold a "Moderate Buy" rating for CNM, with an average price target of $54.90.
Core & Main (NYSE: CNM) lifts Q2 EPS and reaffirms 2026 outlook
Core & Main (NYSE: CNM) reported strong fiscal Q2 2026 results with a 10% increase in diluted EPS to $0.77 and a 2.5% rise in net sales to $2,145 million. The company reaffirmed its full-year 2026 outlook for net sales and Adjusted EBITDA, showcasing confidence in continued growth. Core & Main also significantly reduced net debt and continued its share repurchase program, deploying nearly $270 million year-to-date.
Core & Main buys back $169 million of its own shares
Core & Main announced its fiscal Q2 2026 results, showing a 2.5% increase in net sales to $2.145 billion and a 6.4% rise in net income to $150 million. The company reaffirmed its full-year fiscal 2026 outlook and reported deploying $169 million to repurchase 3.7 million shares during the quarter, with an additional $11 million used post-quarter-end. Core & Main highlighted growth driven by municipal demand, fire protection, and large capital projects, along with strategic investments in acquisitions and greenfield expansions.
Core and Main Earnings: Strong Cash Generation Supports Our View That The Stock Is Discounted
Core and Main's second-quarter results were in line with expectations, showing a 2.5% year-on-year sales growth to $2.15 billion and an adjusted EBITDA margin increase of 10 basis points to 12.8%. Higher EBITDA and share buybacks drove EPS growth. The company maintained its guidance and highlighted a positive M&A pipeline.
Core & Main, Inc. $CNM Shares Acquired by Squarepoint Ops LLC
Squarepoint Ops LLC significantly increased its stake in Core & Main, Inc. (NYSE:CNM) during the second quarter, now owning 215,273 shares valued at approximately $10.4 million. Despite reporting adjusted quarterly EPS of $0.94 and reaffirming strong fiscal 2026 revenue guidance, concerns over weak organic growth in specific sectors led to the stock hitting a two-year low. Analysts maintain a "Moderate Buy" consensus, although several have recently lowered price targets.
Engineers Gate Manager LP Decreases Stake in Core & Main, Inc. $CNM
Engineers Gate Manager LP significantly reduced its stake in Core & Main, Inc. by 67.5% in the second quarter, selling 479,866 shares. Despite Core & Main reporting adjusted EPS of $0.94 and revenue of $2.15 billion, exceeding analyst consensus, concerns about weak organic growth led to a 2.1% share price drop to $40.71, near its 12-month low. Analysts maintain a "Moderate Buy" rating with an average price target of $55.60, though some have lowered their targets.
Core and Main's Cash Generation Gives It High Optionality
Core & Main, a leading distributor in water, wastewater, storm drainage, and fire protection markets, is highlighted for its strong cash generation. This financial strength provides the company with significant flexibility and supports the view that its stock may be undervalued. The article also mentions previous analyst coverage and earnings reports reinforcing the positive outlook on its financial performance.
Analysts Offer Insights on Industrial Goods Companies: Core & Main (CNM) and Munters Group AB (OtherMMNNF)
Analysts have provided new ratings for industrial goods companies Core & Main (CNM) and Munters Group AB (MMNNF). William Blair reiterated a Hold rating on Core & Main, which has a Moderate Buy consensus and a 31.0% upside potential. Jefferies maintained a Buy rating on Munters Group AB, which holds a Strong Buy consensus among analysts.
Truist Cuts Price Target on Core & Main to $45 From $50, Keeps Hold Rating
Truist has lowered its price target on Core & Main (CNM) to $45 from $50, while maintaining a Hold rating on the stock. This adjustment follows Core & Main's recent financial results and updated fiscal outlook. The company specializes in water, wastewater, storm drainage, and fire protection products across over 370 locations in the US.
Core & Main, Inc. (NYSE:CNM) Receives Average Recommendation of "Moderate Buy" from Analysts
Core & Main, Inc. (NYSE:CNM) has an average "Moderate Buy" recommendation from analysts, with a consensus 12-month price target of $56.70. Despite exceeding quarterly earnings expectations with $0.94 adjusted EPS and $2.15 billion in revenue, the stock has fallen 5.5% due to concerns about weak organic growth in certain segments. Analysts' recent actions include rating changes and target price adjustments, reflecting a mixed but generally positive outlook for the company.
Analysts Offer Insights on Industrial Goods Companies: RXO, Inc. (RXO) and Core & Main (CNM)
Analysts from Bank of America Securities have provided new ratings for industrial goods companies RXO, Inc. and Core & Main. Ken Hoexter maintained a Hold rating on RXO with a $27.00 price target, while Andrew Obin reiterated a Sell rating on Core & Main with a $40.00 price target. The consensus for RXO is a Hold with a 24.3% upside, and for Core & Main, it's also a Hold with a higher average price target.
Core & Main Announces Fiscal Q2 2026 Earnings and Investor Presentation in SEC 8-K Filing
Core & Main, Inc. (NYSE: CNM) has announced its fiscal second quarter results for the period ending August 2, 2026, through an 8-K filing with the SEC. The company also posted an accompanying investor presentation on its Investor Relations website. These documents, furnished on September 9, 2026, detail the company's financial performance and are not considered formally "filed" under Section 18 of the Securities Exchange Act of 1934.
Core & Main Submits Q2 2026 Form 10-Q Report to SEC
Core & Main, Inc. (NYSE: CNM) has filed its quarterly Form 10-Q report with the SEC for the fiscal quarter ending August 2, 2026. The report details the company's unaudited condensed consolidated financial statements, including balance sheets and statements of operations and cash flows. It also highlights risk factors such as market declines, reduced municipal spending, and supply chain interruptions, and confirms outstanding shares and filer classification.
Earnings Flash (CNM) Core & Main, Inc. Posts Q2 Adjusted EPS $0.94 per Share, vs. FactSet Est of $0.92
Core & Main, Inc. (CNM) reported adjusted earnings per share of $0.94 for the second quarter, surpassing FactSet's estimate of $0.92. This news was published on September 9, 2026, at 07:32 am EDT. The company also reaffirmed its fiscal year 2026 outlook and reported Q2 revenue of $2.15 billion against an estimated $2.14 billion.
Earnings Flash (CNM) Core & Main, Inc. Reports Q2 Revenue $2.15B, vs. FactSet Est of $2.14B
Core & Main, Inc. (CNM) announced its Q2 revenue of $2.15 billion, surpassing the FactSet estimate of $2.14 billion. This news follows a series of analyst rating adjustments for the company, with several firms cutting price targets but maintaining buy or outperform ratings. The company also reaffirmed its fiscal year 2026 outlook and reported adjusted EPS of $0.94, exceeding the FactSet estimate of $0.92.
Wellington Management Group LLP Has $12.15 Million Stock Holdings in Core & Main, Inc. $CNM
Wellington Management Group LLP significantly increased its stake in Core & Main, Inc. (NYSE:CNM) by 52.5% in the second quarter, bringing its total holdings to 251,724 shares valued at $12.15 million. Institutional investors and hedge funds now own 94.19% of the company's stock, while analysts maintain a "Moderate Buy" rating with an average price target of $56.70. Additionally, Core & Main Director James Hope recently acquired 2,067 shares, increasing his ownership by over 21%.
Core & Main Fiscal Q2 2026 Earnings: Cost Control and Buybacks Lift EPS
Core & Main (NYSE: CNM) reported a 2.5% increase in net sales to $2.145 billion and a 10.0% rise in diluted EPS to $0.77 for fiscal Q2 2026. The growth was driven by acquisitions, pricing, and municipal demand, with earnings further boosted by effective SG&A expense control and share repurchases despite a slight dip in gross margin. The company maintained its full-year fiscal 2026 guidance, projecting 2% to 3% sales growth and an adjusted EBITDA margin of 12.2% to 12.4%.
Public Employees Retirement System of Ohio Acquires New Shares in Core & Main, Inc. $CNM
The Public Employees Retirement System of Ohio acquired 63,086 shares of Core & Main (NYSE:CNM) in the second quarter, valued at approximately $3.04 million. This move is part of broader institutional investment, with various hedge funds and institutional investors increasing or initiating positions in the company, collectively owning 94.19% of its stock. Core & Main shares currently trade at $44.37, with analysts giving it a "Moderate Buy" consensus rating and an average price target of $56.70.
Core & Main stock hits 52-week low at $41.87 By Investing.com
Core & Main Inc.'s stock recently hit a 52-week low of $41.87, marking a 35.17% decline over the past year. Despite this, analysts have revised earnings upwards, and the company maintains profitability with a "GOOD" financial health score. Recent strategic moves include pricing $750 million in senior notes and receiving a credit rating upgrade from Moody's, indicating proactive management and improved stability.
Bornite Capital Management LP Acquires Shares of 759,000 Core & Main, Inc. $CNM
Bornite Capital Management LP has acquired a new position of 759,000 shares in Core & Main, Inc. (NYSE:CNM), valued at approximately $36.6 million, making it the fund's 16th largest holding. Institutional investors now own 94.19% of Core & Main, and a director recently increased his stake. Analysts have a "Moderate Buy" rating for the company with a consensus price target of $56.70.
Core & Main (CNM) Projected to Announce Quarterly Earnings on Wednesday
Core & Main (CNM) is projected to report its Q2 2027 earnings on Wednesday, September 9th, with analysts forecasting earnings of $0.92 per share and $2.14 billion in revenue. The stock opened at $42.05, near its one-year low, and analysts currently hold a "Moderate Buy" rating with an average price target of $56.70. Recent insider buying by Director James D. Hope and significant institutional ownership highlight ongoing activity in the company's stock.
Core & Main stock hits 52-week low at $41.87
Core & Main Inc.'s stock recently hit a 52-week low of $41.87, representing a 35.17% decline over the past year. Despite this, InvestingPro Tips highlight upward earnings revisions from two analysts, ongoing profitability, and a "GOOD" financial health rating. The company is actively managing its finances through a $750 million senior notes offering and has seen its credit rating upgraded by Moody’s, while William Blair initiated coverage with a Market Perform rating.
Core & Main to Announce Fiscal 2026 Second Quarter Results
Core & Main, Inc. announced it will release its fiscal 2026 second quarter financial results before market open on Wednesday, September 9, 2026. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss these results. Details for accessing the webcast and conference call, including dial-in numbers and a passcode, were provided.
Madison Asset Management LLC Makes New $5.59 Million Investment in Core & Main, Inc. $CNM
Madison Asset Management LLC has made a new $5.59 million investment in Core & Main, Inc. (NYSE:CNM), acquiring 115,865 shares. Institutional investors collectively own 94.19% of the company, and analysts currently rate the stock as a "Moderate Buy" with an average price target of $56.70. Core & Main's shares opened at $45.33, indicating a market capitalization of $8.77 billion.
Foster & Motley Inc. Invests $1.28 Million in Core & Main, Inc. $CNM
Foster & Motley Inc. has acquired a new stake in Core & Main, Inc. (NYSE:CNM) worth approximately $1.28 million during the second quarter. Other institutional investors like Norges Bank and First Trust Advisors LP have also significantly adjusted their holdings in the company. Core & Main's stock performance and analyst ratings indicate a "Moderate Buy" consensus, with a target price of $56.70.
Bank of America Corp DE Reduces Stake in Core & Main, Inc. $CNM
Bank of America Corp DE significantly reduced its stake in Core & Main, Inc. (NYSE:CNM) by 54.1% in the first quarter, selling 477,441 shares but still retaining 405,500 shares valued at approximately $20.0 million. Despite this reduction, institutional investors collectively own 94.19% of Core & Main, with other major firms like Morgan Stanley and First Trust Advisors increasing their positions. The stock currently has a "Moderate Buy" consensus rating from analysts with an average price target of $56.70, even after recent neutral or hold ratings.
Core & Main, Inc. (NYSE:CNM) Receives Consensus Recommendation of "Moderate Buy" from Brokerages
Core & Main, Inc. (NYSE:CNM) has received a "Moderate Buy" consensus rating from 12 brokerages, with an average 12-month price target of $56.70. The stock opened at $46.01, close to its 50-day moving average, and has a market capitalization of $8.90 billion. Insider activity shows a director purchased shares, and institutional investors own a significant 94.19% of the company's stock.
Handelsbanken Fonder AB Lowers Position in Core & Main, Inc. $CNM
Handelsbanken Fonder AB reduced its stake in Core & Main, Inc. (NYSE:CNM) by 5.2% in the second quarter, selling 67,808 shares but still retaining 1.23 million shares valued at approximately $59.5 million. Despite this reduction, institutional investors collectively own 94.19% of the company. Analyst sentiment remains "Moderate Buy" with a consensus price target of $56.70, although recent updates include a neutral rating from Goldman Sachs and a lowered target from Citigroup.
Core & Main, Inc. $CNM Shares Sold by Assenagon Asset Management S.A.
Assenagon Asset Management S.A. significantly reduced its holdings in Core & Main, Inc. (NYSE:CNM) by 61% in the second quarter, selling over 568,000 shares. Despite this, other institutional investors like First Trust Advisors and Morgan Stanley increased their stakes, bringing institutional ownership to 94.19%. Core & Main maintains a "Moderate Buy" consensus rating from analysts, with a target price of $56.70, and a company director recently purchased additional shares.
Core & Main, Inc. (CNM) Stock Forecasts
Argus raised its target price for Core & Main, Inc. (CNM) to $51.00 on August 5, 2026. The report identifies Core & Main as a leading specialty distributor in water, wastewater, storm drainage, and fire protection products. The current price of CNM stock is $46.30.
Is Core & Main (CNM) Cheap Following Its Recent Rebound?
Core & Main (CNM) has seen recent share price fluctuations, trading at $46.55, significantly below the average analyst price target of $75.00, suggesting it may be undervalued. While a common narrative points to growth through acquisitions and infrastructure spending driving a higher fair value, a Discounted Cash Flow model from Simply Wall St suggests the current price of $46.55 might be expensive, estimating future cash flows at $33.19 per share. Investors are encouraged to weigh these differing valuations and consider underlying financial data.
(CNM) Movement as an Input in Quant Signal Sets
This article analyzes Core & Main Inc. Class A (NYSE: CNM) using AI-generated quant signals, highlighting divergent sentiment across different time horizons. It provides specific institutional trading strategies including position, momentum breakout, and risk hedging, along with multi-timeframe signal analysis to guide potential trading actions. The analysis points to exceptional risk-reward setups and provides real-time entry and exit signals.
(CNM) Movement as an Input in Quant Signal Sets
This article provides an AI-driven analysis of Core & Main Inc. Class A (NYSE: CNM), highlighting a positive near-term sentiment but broader weak alignment. It details institutional trading strategies including position, momentum breakout, and risk hedging strategies, along with multi-timeframe signal analysis for various horizons. The report also points out an exceptional 42.8:1 risk-reward setup targeting a 12.0% gain versus a 0.3% risk.
Enterprise value to EBIT forward of Core & Main, Inc. Class A – MIL:1CNM
This page provides financial information for Core & Main, Inc. Class A (MIL:1CNM) on Euronext Milan, focusing on its Enterprise Value to EBIT forward. The content indicates the market is currently closed and shows no recent trades. It is part of a larger financial data and analysis platform, TradingView.
Core & Main (NYSE: CNM) VP withholds 242 shares to cover RSU taxes
Core & Main's Senior VP of Human Resources, Carla D. Harper, reported a tax-withholding disposition of 242 shares of Class A Common Stock on August 4, 2026, at $46.32 per share. This action was taken to cover taxes on vesting restricted stock units (RSUs). Following this transaction, Harper directly holds 13,064 shares of the company's Class A Common Stock.
California State Teachers Retirement System Buys 40,050 Shares of Core & Main, Inc. $CNM
The California State Teachers Retirement System increased its stake in Core & Main, Inc. (NYSE:CNM) by 22.3%, purchasing an additional 40,050 shares, bringing their total holdings to 219,934 shares valued at approximately $10.9 million. Other institutional investors also adjusted their positions in the company, with institutional ownership now standing at 94.19%. Analysts maintain a "Moderate Buy" rating for Core & Main with an average target price of $56.70.
Janus Henderson Group PLC Trims Stake in Core & Main, Inc. $CNM
Janus Henderson Group PLC reduced its stake in Core & Main, Inc. (NYSE:CNM) by 27% in the first quarter of 2026, selling 1.25 million shares but still holding 3.38 million shares valued at approximately $166.9 million. Despite this reduction, institutional investors collectively own 94.19% of Core & Main's outstanding stock, and analyst sentiment remains positive with a "Moderate Buy" consensus rating and an average price target of $56.70. The article also notes recent insider buying activity by a director.
Liontrust Investment Partners LLP Sells 147,845 Shares of Core & Main, Inc. $CNM
Liontrust Investment Partners LLP reduced its stake in Core & Main, Inc. (NYSE:CNM) by 8.5% during the first quarter, selling 147,845 shares but still holding 1.58 million shares valued at approximately $78.2 million. Institutional investors collectively own 94.19% of the stock, while director James D. Hope recently purchased 2,067 shares. Analysts maintain a "Moderate Buy" rating for Core & Main with a consensus price target of $56.70.
Edgestream Partners L.P. Has $9.96 Million Stock Holdings in Core & Main, Inc. $CNM
Edgestream Partners L.P. significantly increased its stake in Core & Main (NYSE:CNM) by 818% in the first quarter, now holding 201,577 shares valued at $9.96 million. Institutional investors collectively own 94.19% of Core & Main, and director James D. Hope also increased his personal holdings. Analysts generally maintain a "Moderate Buy" rating for the stock, with an average price target of $56.70.
Core & Main, Inc. (CNM) Stock Forecasts
Argus has raised its target price for Core & Main (CNM) to $49.00, categorizing it within the Industrials sector. Core & Main is highlighted as a leading specialty distributor concentrating on water, wastewater, storm drainage, and fire protection products. The report encourages users to upgrade to premium for exclusive research and detailed company profiles.
Liquidity Mapping Around (CNM) Price Events
This article provides an AI-generated analysis of Core & Main Inc. Class A (NYSE: CNM), highlighting a near-term neutral sentiment amidst mid and long-term weakness. It identifies an exceptional short setup with a 43.9:1 risk-reward ratio and outlines three distinct trading strategies (Position, Momentum Breakout, Risk Hedging) tailored to different risk profiles. The analysis includes multi-timeframe signal analysis, support, and resistance levels for the stock.
Liquidity Mapping Around (CNM) Price Events
Quantitative Research Desk identified a near-term neutral sentiment for Core & Main Inc. Class A (NYSE: CNM), suggesting a pause in its mid and long-term weakness. The article details specific trading strategies, including position, momentum breakout, and risk hedging, along with multi-timeframe signal analysis, emphasizing a significant 43.9:1 risk-reward short setup. It offers AI-generated signals and institutional-grade analysis for subscribers.
Renaissance Technologies LLC Invests $40.22 Million in Core & Main, Inc. $CNM
Renaissance Technologies LLC has acquired a new position in Core & Main, Inc. (NYSE:CNM) by purchasing 814,100 shares valued at approximately $40.22 million, representing a 0.42% stake in the company. Other institutional investors have also modified their holdings, with institutional ownership collectively reaching 94.19%. Core & Main shares opened at $43.63, near their 52-week low, and analysts maintain a "Moderate Buy" consensus with an average price target of $56.70.
Dimensional Fund Advisors LP Acquires 152,077 Shares of Core & Main, Inc. $CNM
Dimensional Fund Advisors LP increased its stake in Core & Main, Inc. ($CNM) by 6.1% in the first quarter, acquiring an additional 152,077 shares and bringing its total holdings to 2.66 million shares valued at approximately $131.4 million. Other institutional investors also adjusted their positions, and a company director recently purchased additional shares. Analysts currently have a "Moderate Buy" rating for Core & Main with a consensus price target of $56.70.
Core & Main, Inc. Class A Revenue Breakdown – BX:CNM
Core & Main, Inc. (BX:CNM) generated 5.91 billion CHF in revenue last year. The "Pipes, Valves & Fittings" segment was the top-performing, contributing 3.97 billion CHF. The United States was the primary geographic contributor, matching the total company revenue at 5.91 billion CHF.
