BlackRock Inc. (NYSE: CNM) reports 10.1% ownership of Core & Main Class A
BlackRock, Inc. has reported beneficial ownership of 18,990,291 shares of Core & Main Inc. Class A stock, representing a 10.1% stake. This disclosure was made in an amended Schedule 13G/A filing, indicating BlackRock holds sole voting power over 18,450,856 shares and sole dispositive power over all 18,990,291 shares. The filing was signed by Spencer Fleming on April 7, 2026.
Core & Main (CNM) Is Up 5.8% After Earnings Beat, Modest 2027 Outlook And Buybacks - Has The Bull Case Changed?
Core & Main (CNM) reported strong Q4 and full-year results in late March 2026, including higher net income and earnings per share, despite softer quarterly sales, and completed a $349.37 million share repurchase program. The company issued a modest sales outlook for fiscal year 2027, projecting net sales of US$7.80 billion–US$7.90 billion, demonstrating a focus on balancing reinvestment, acquisitions, and capital returns. While the earnings were resilient, analysts are questioning if previous bullish revenue assumptions, particularly for 2028 and beyond, need to be reevaluated in light of the updated guidance.
Core & Main Inc. Class A (CNM) Stock Price | Live Quotes & Charts | NYSE
This article provides live stock quotes and charts for Core & Main Inc. Class A (CNM) on the NYSE. It shows the current stock price, recent performance, and indicates that there are currently no analyst ratings or earnings information available for the company. The page also promotes a virtual trading conference and free trade alerts.
Core & Main (NYSE: CNM) director receives 580 restricted stock units as compensation
Core & Main (NYSE: CNM) director M. Susan Hardwick was granted 580 restricted stock units (RSUs) as part of her compensation, as reported in a Form 4 filing. These RSUs have a grant price of $0.00 per unit and will vest upon the company's annual meeting of shareholders in 2026, subsequently settling in Class A common stock. This transaction is categorized as a non-cash equity award, emphasizing long-term alignment with the company's performance rather than an outright stock purchase.
Core And Main Governance Shift Puts New Utility Expertise To Work
Core & Main (NYSE:CNM) has appointed M. Susan Hardwick, former CEO of American Water Works, to its board, effective April 1, as part of significant governance changes including new board and audit committee chairs. This restructuring, which also saw the retirement of the executive chair, aims to enhance independent oversight and bring in utility expertise to better manage the company's strategic direction, particularly regarding acquisitions, capital allocation, and risk management. Despite recent stock declines, the changes are expected to strengthen governance amidst moderate net sales guidance and ongoing share buybacks, providing a clearer separation between management and oversight.
Core & Main's Cost Reductions Should Help Mitigate End Market Softness
Core & Main (CNM) is expected to mitigate softness in its end markets through operating cost reductions. The company is a key distributor in water, wastewater, storm drainage, and fire protection, serving an estimated $40 billion addressable market. This analysis by Morningstar highlights the strategic importance of cost efficiencies for the company's performance.
Core & Main refreshes board leadership and governance structure
Core & Main (CNM) has announced a significant refreshment of its board leadership and governance structure. This includes the appointment of former American Water Works CEO Susan Hardwick as a Class III director and the elevation of James Castellano to board chair following the retirement of Executive Chair Stephen LeClair. These changes are part of a long-term succession plan aimed at stronger independent leadership and enhanced utility-sector expertise on the board.
Core & Main Announces Board of Directors and Executive Chair Changes Effective April 2026
Core & Main, Inc. has announced significant changes to its board of directors and executive leadership, effective April 1, 2026, as part of its long-term succession planning. M. Susan Hardwick is appointed as a new director, while Stephen LeClair will retire as Executive Chair and from the Board. These changes also include a reorganization of the Audit Committee with James Hope becoming Chair.
Core & Main, Inc. (NYSE:CNM) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Core & Main, Inc. recently reported its annual results, showing revenues of US$7.6 billion and EPS of US$2.31, largely in line with estimates. Analysts have slightly downgraded their earnings per share forecasts for 2027 to US$2.60, though revenue estimates remain stable at US$7.87 billion, representing a 2.9% increase. The consensus price target of US$60.69 has not changed despite the minor earnings downgrade.
Core & Main (NYSE: CNM) refreshes board, names new chair
Core & Main Inc. (NYSE: CNM) announced significant governance changes effective April 1, 2026, as part of its long-term succession planning. M. Susan Hardwick, former CEO and CFO of American Water, was appointed as a Class III director and member of the Talent and Compensation Committee. Additionally, Stephen LeClair retired as executive chair and board chair, with James Castellano succeeding him as chair of the board, and James Hope becoming chair of the audit committee.
Analysts Offer Insights on Industrial Goods Companies: Core & Main (CNM) and AAR (AIR)
Analysts have provided optimistic outlooks for industrial goods companies Core & Main (CNM) and AAR (AIR). Wells Fargo maintained a Buy rating for Core & Main with a $65.00 price target, while KeyBanc also maintained a Buy rating on AAR with a $120.00 price target. The consensus among analysts for Core & Main is a "Moderate Buy" with a 20.5% upside, and for AAR, a "Strong Buy."
Vanguard disaggregates holdings; Core & Main (NYSE: CNM) shows 0 shares
The Vanguard Group has amended its Schedule 13G/A filing for Core & Main Inc. (NYSE: CNM), reporting 0 shares beneficially owned and 0% of common stock. This change reflects an internal realignment on January 12, 2026, where Vanguard will disaggregate reporting for certain subsidiaries in accordance with SEC guidance. The amendment clarifies that Vanguard itself no longer holds beneficial ownership of CNM shares, with any holdings now to be reported separately by its disaggregated entities.
Core & Main Analysts Slash Their Forecasts After Q4 Results
Core & Main (NYSE: CNM) reported mixed Q4 results, with adjusted EPS beating estimates but sales missing expectations. The company also provided a softer FY2026 sales forecast. Following these results, Barclays and Deutsche Bank analysts maintained their ratings but lowered their price targets on the stock.
Core & Main Faces High‑Stakes Technology Investment Balancing Act as Competitive Pressures Mount
Core & Main, Inc. (CNM) is facing increasing pressure to invest in technology to maintain its competitive edge, improve customer experience, and achieve cost efficiency. The company must balance the risks of over-investment (management distraction, operational disruptions, potential impairment charges) against under-investment, which could lead to falling behind more technologically advanced rivals. Wall Street currently has a Moderate Buy consensus rating on CNM stock.
Core & Main (NYSE:CNM) Price Target Cut to $62.00 by Analysts at Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft has cut its price target for Core & Main (NYSE:CNM) from $65.00 to $62.00, while maintaining a "buy" rating, indicating a potential upside of approximately 25.9%. This adjustment follows Core & Main's recent announcement of a GAAP EPS beat in Q4 but a revenue miss and weaker full-year revenue guidance, which led to a stock sell-off. Despite the mixed Q4 results and revised guidance, the company's board authorized a $500 million stock repurchase program, reflecting leadership's belief in the stock's undervaluation.
Core & Main's Cost Reductions Should Help Mitigate End Market Softness
This Morningstar article discusses how Core & Main, a national distributor in water, wastewater, storm drainage, and fire protection markets, is using operating cost reductions to mitigate softness in its end markets. The company's strategy focuses on efficiency to navigate mixed market conditions. The article also provides context on Morningstar's editorial policies and how it generates revenue.
Core & Main's Q4 sales fell 6.9%, yet earnings per share rose 12%
Core & Main (NYSE: CNM) announced its Q4 and full-year fiscal 2025 results. For Q4, net sales decreased by 6.9%, but diluted earnings per share increased by 12.1% to $0.37. For the full fiscal year, net sales rose by 2.8% to $7.65 billion, with diluted earnings per share increasing by 8.5% to $2.31.
Core & Main Announces Fiscal 2025 Fourth Quarter and Full-Year Results
Core & Main (NYSE: CNM) announced its financial results for the fourth quarter and full fiscal year ended February 1, 2026. The company reported a 6.9% decrease in net sales for Q4 but a 2.8% increase for the full fiscal year, reaching $7,647 million. Core & Main also highlighted its 16th consecutive year of sales growth, strategic acquisitions, and a positive outlook for fiscal 2026 with projected net sales between $7,800 to $7,900 million.
Core & Main (NYSE: CNM) posts FY25 growth, trims net debt
Core & Main (NYSE: CNM) reported modest growth for fiscal year 2025, with net sales increasing 2.8% to $7,647 million and net income rising 6.5% to $462 million. The company significantly reduced its net debt to $1,946 million and repurchased $155 million in shares. For fiscal year 2026, Core & Main projects net sales between $7,800–$7,900 million and Adjusted EBITDA of $950–$980 million, anticipating continued slight growth and strong cash flow.
Top Wall Street Forecasters Revamp Core & Main Expectations Ahead Of Q4 Earnings
Core & Main, Inc. (NYSE: CNM) is set to release its Q4 earnings on March 24, with analysts anticipating increased earnings per share but a slight dip in revenue compared to the previous year. Several Wall Street analysts have recently updated their ratings and price targets for Core & Main, predominantly maintaining Overweight or Outperform ratings, indicating a generally positive outlook on the company's stock. The company recently completed its acquisition of Pioneer Supply.
CNM SEC Filings - Core & Main Inc 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for investors and traders seeking official regulatory documents for Core & Main Inc. (CNM), including 10-K, 10-Q, 8-K, and insider trading forms. It also features AI-powered summaries of these filings to highlight key information and tracks how Core & Main communicates financial results, risks, and strategic decisions through its official reports. Recent filings include director stock awards, re-election of directors, auditor ratification, executive compensation approvals, and a significant share sale by an unnamed shareholder.
Kingdon Capital Management L.L.C. Invests $8.07 Million in Core & Main, Inc. $CNM
Kingdon Capital Management L.L.C. has acquired a new stake of 150,000 shares in Core & Main, Inc. (NYSE:CNM) valued at approximately $8.07 million. Core & Main recently authorized a $500 million share repurchase plan, indicating the board views the stock as undervalued, and institutional ownership stands at a high 94.19%. Analysts maintain a "Moderate Buy" consensus with an average target price of $62.
HighVista Strategies LLC Makes New $1.50 Million Investment in Core & Main, Inc. $CNM
HighVista Strategies LLC has made a new investment of $1.50 million in Core & Main, Inc. (NYSE:CNM) by purchasing 27,900 shares. This comes as several other institutional investors have also adjusted their holdings in the company, which has seen its stock rise by 0.9%. Analysts currently rate Core & Main as a "Moderate Buy" with a consensus target price of $62.00.
Core & Main (NYSE: CNM) CAO has 292 shares withheld for RSU taxes
Core & Main, Inc.'s Chief Accounting Officer, John Weldon Stephens, reported that 292 shares of Class A Common Stock were withheld to cover tax obligations arising from the vesting of restricted stock units. These transactions, which occurred on March 9 and 10, 2026, were tax-withholding dispositions, not open-market trades. Following these withholdings, Stephens directly holds 16,545 shares of Core & Main Class A Common Stock.
Core & Main (CNM) president receives new option and RSU grants
Core & Main, Inc. President Michael G. Huebert received new equity awards, including options for 37,539 shares of Class A common stock with an exercise price of $47.63, and 10,500 restricted stock units. These awards vest in three equal annual installments between March 2027 and March 2029. Additionally, 447 shares were withheld for tax purposes upon the vesting of previously granted RSUs.
Core & Main (NYSE: CNM) president receives new stock and option awards
Core & Main's President, Bradford A. Cowles, has received new equity compensation, including 50,676 stock options with an exercise price of $47.63 per share and 7,086 restricted stock units. These awards, along with the withholding of 607 shares for tax obligations, are part of routine compensation and align his interests with the company's long-term performance. The new stock options and RSUs will vest in three equal annual installments beginning March 11, 2027.
Thematics Asset Management Increases Stock Position in Core & Main, Inc. $CNM
Thematics Asset Management increased its stake in Core & Main (NYSE:CNM) by 14.8% in Q3, now owning 418,000 shares valued at approximately $22.5 million. This follows Core & Main's strong Q results, beating EPS consensus, and the announcement of a $500 million share repurchase program. The stock trades around $48, with analysts maintaining a "Moderate Buy" rating and an average price target of $62.
[Form 4] Core & Main, Inc. Insider Trading Activity
Core & Main, Inc.'s CFO, Robyn L. Bradbury, reported new equity compensation including options to buy 34,488 shares and 4,824 restricted stock units, both vesting over three years starting March 2027. She also had 404 shares withheld for tax purposes related to previous RSU vesting. Following these transactions, she directly owns 12,500 shares, holds the new options, and has an indirect interest in 22 shares through an LLC.
[Form 4] Core & Main, Inc. Insider Trading Activity
Core & Main, Inc.'s General Counsel and Secretary, Mark G. Whittenburg, reported an administrative disposition of 331 shares of Class A Common Stock. These shares were withheld by the company at $49.16 per share to cover tax obligations upon the vesting of restricted stock units. This transaction was for tax purposes and not an open-market sale, leaving Whittenburg with 8,525 directly held shares.
Core & Main (NYSE: CNM) SVP granted stock options and RSUs, shares withheld for taxes
Core & Main, Inc.'s Senior VP of Human Resources, Carla D. Harper, received stock options for 17,598 shares at an exercise price of $47.63, and 2,463 restricted stock units (RSUs), both vesting in three annual installments through 2029. Additionally, 89 shares were withheld for tax obligations from previously vested RSUs. After these transactions, Ms. Harper directly holds 13,874 shares of Class A common stock.
Core & Main (CNM) CEO receives new stock options and RSU grants
Core & Main, Inc. (CNM) CEO Mark R. Witkowski received new equity awards, including options to purchase 131,382 shares of Class A common stock and 18,372 restricted stock units (RSUs). These awards vest in three equal annual installments starting in March 2027. Additionally, 1,685 shares were withheld to cover tax obligations from previously vested RSUs, rather than being an open-market sale.
Core & Main (NYSE: CNM) chair withholds 4,600 shares to cover taxes
Core & Main's Executive Chair, Stephen O. LeClair, reported two tax-related share dispositions in March 2026, withholding a total of 4,600 Class A common shares to cover tax obligations arising from restricted stock unit vesting. These actions, priced at $49.96 and $49.38 per share, were tax-withholding dispositions rather than open-market sales. Following these transactions, LeClair directly owns 66,136 Class A common shares.
Core & Main (NYSE: CNM) SVP has 266 shares withheld for taxes
Core & Main, Inc.'s Senior VP of Human Resources, Carla D. Harper, had 266 shares of Class A common stock withheld by the company to cover tax obligations. These transactions occurred on March 9 and 10, 2026, at prices around $49–$50 per share, relating to the vesting of restricted stock units. Following these tax withholdings, Ms. Harper directly holds 11,500 shares of Core & Main Class A common stock.
Core & Main (NYSE: CNM) CFO reports tax withholding share disposals
Core & Main, Inc.'s CFO, Robyn L. Bradbury, reported routine tax-related share disposals on March 9 and 10, 2026. A total of 475 shares of Class A common stock were withheld by the company to satisfy tax obligations on vesting restricted stock units, rather than being sold in the open market. Following these transactions, Bradbury directly holds 8,080 shares and indirectly holds 22 shares through Core & Main Management Feeder, LLC.
Core & Main, Inc. $CNM Shares Purchased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in Core & Main (NYSE:CNM) by 1.7%, acquiring an additional 38,896 shares, bringing their total to 2,309,551 shares valued at $124.3 million. This comes as Core & Main reported strong quarterly earnings, beating expectations with $0.89 EPS, and authorized a $500 million stock buyback program. Analysts maintain a "Moderate Buy" rating for the company with a consensus target price of $62.00, reflecting optimism for its future performance.
Capital World Investors Increases Stock Position in Core & Main, Inc. $CNM
Capital World Investors significantly increased its stake in Core & Main, Inc. by 294.9% in the third quarter, now owning 3.01% of the company's stock valued at $320.2 million. Other institutional investors also added positions, bringing total institutional ownership to 94.19%. Core & Main (NYSE:CNM) recently exceeded EPS expectations and authorized a $500 million stock buyback, with analysts giving it a "Moderate Buy" rating and a $62 consensus target price.
Core & Main (NYSE: CNM) president surrenders shares for tax withholding
Core & Main (NYSE: CNM) President Michael G. Huebert had 350 shares of Class A Common Stock withheld on March 9, 2026, for tax withholding purposes related to the vesting of restricted stock units. These shares were surrendered to the company at $49.96 per share and were not sold in the open market. Following this routine transaction, Huebert directly holds 15,284 shares of Class A Common Stock.
Trigran Investments Inc. Invests $1.21 Million in Core & Main, Inc. $CNM
Trigran Investments Inc. has initiated a new position in Core & Main (NYSE:CNM), acquiring 22,525 shares valued at approximately $1.21 million, making it their 16th largest holding. Core & Main recently beat EPS estimates and reported $2.06 billion in revenue, alongside authorizing a $500 million share buyback program. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $62.00, and institutional investors own 94.19% of the company's stock.
Understanding the Setup: (CNM) and Scalable Risk
This article analyzes Core & Main Inc. Class A (NYSE: CNM)'s stock, indicating weak near and mid-term sentiment but a neutral long-term outlook. It highlights an exceptional 52.6:1 risk-reward setup targeting a 15.3% gain against a 0.3% risk. The analysis provides specific trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—with entry, target, and stop-loss levels based on AI models.
Core & Main (CNM) Valuation Check After Recent Share Price Cooling
Core & Main (CNM) has seen its share price cool recently, with a 1.4% decline over the past day and a 3.5% pullback over the past week, yet it maintains strong 90-day, 1-year, and 3-year returns. An analysis suggests the stock is undervalued with a fair value of $61.06 against its last close of $53.89, driven by projected revenue growth of 4.4% annually and increasing profit margins to 7.4% in three years. Despite the undervaluation, investors should consider potential risks such as higher interest expenses and softer construction activity.
23,477 Shares in Core & Main, Inc. $CNM Bought by Okabena Investment Services Inc.
Okabena Investment Services Inc. recently acquired 23,477 shares of Core & Main (NYSE:CNM) worth approximately $1.26 million, joining other institutional investors who collectively own a significant portion of the company's stock. Core & Main's board has also authorized a $500 million share repurchase program, indicating management perceives the stock as undervalued. Wall Street analysts generally hold a "Moderate Buy" rating for CNM, with an average price target of $62.00.
How the Projected 45% EPS Jump Before Earnings Could Shape Core & Main’s (CNM) Investment Narrative
Core & Main (CNM) recently garnered investor attention due to a projected 45.45% year-over-year EPS increase to US$0.48 for its past quarter, indicating strong profit expectations. While this highlights short-term optimism, the article emphasizes that the company's core investment narrative still hinges on M&A execution, private label growth, and careful balance sheet management, particularly given potential risks from debt levels and construction sector exposure. The expanded US$1,000 million buyback authorization further intertwines with earnings, potentially amplifying per-share results.
Core & Main, Inc. $CNM is Camrose Capital Investment Partners LLP's Largest Position
Camrose Capital Investment Partners LLP significantly increased its stake in Core & Main, Inc. (NYSE:CNM) by 30.1% in Q3, making it their largest holding. This comes as Core & Main surpassed EPS and revenue estimates, and announced a $500 million share repurchase program. Institutional ownership of the company is high at 94.19%, with analysts giving it a "Moderate Buy" rating.
Granite Investment Partners LLC Lowers Holdings in Core & Main, Inc. $CNM
Granite Investment Partners LLC significantly reduced its stake in Core & Main (NYSE:CNM) by 50.5% in the third quarter of 2025, selling over 31,000 shares but still retaining about $1.67 million worth of the stock. Meanwhile, Core & Main reported strong quarterly earnings, beating analyst estimates with $0.89 EPS on $2.06 billion revenue, and authorized a $500 million share buyback program. The stock holds a "Moderate Buy" consensus rating from analysts with a target price of $62.00, and institutional investors own a substantial 94.19% of its shares.
The Technical Signals Behind (CNM) That Institutions Follow
This article analyzes the technical signals for Core & Main Inc. Class A (NYSE: CNM), indicating conflicting sentiment and potentially choppy conditions. It highlights an exceptional risk-reward short setup and provides entry, target, and stop-loss levels for different trading strategies, including position, momentum breakout, and risk hedging. The analysis also includes multi-timeframe signal strengths, support, and resistance levels for the stock.
Core & Main, Inc. $CNM Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. reduced its stake in Core & Main, Inc. by 0.7%, selling 121,364 shares, but still holds 8.97% of the company, valued at approximately $953 million. Core & Main recently beat EPS estimates and authorized a $500 million share repurchase program, indicating management believes the stock is undervalued. Analysts have a "Moderate Buy" rating with an average price target of $62, and institutional ownership remains high at 94.19%.
Core & Main, Inc. (NYSE:CNM) Given Average Rating of "Moderate Buy" by Brokerages
Core & Main, Inc. (NYSE:CNM) has received a consensus "Moderate Buy" rating from twelve brokerages, with an average 12-month price target of $62.00. The company recently surpassed quarterly EPS expectations and initiated a $500 million share repurchase program, indicating confidence in its valuation. Shares are currently trading around $56.30, with a market capitalization of $11.01 billion.
Raiffeisen Bank International AG Has $26.66 Million Position in Core & Main, Inc. $CNM
Raiffeisen Bank International AG increased its stake in Core & Main, Inc. (NYSE:CNM) by 3.8% in Q3, now owning 497,051 shares valued at $26.66 million. Institutional investors collectively own 94.19% of Core & Main, with notable new positions from Norges Bank and Jennison Associates. Core & Main recently beat Q3 EPS estimates, announced a $500 million share buyback, and has an average "Moderate Buy" rating from analysts with a target price of $62.00.
1,000,000 Shares in Core & Main, Inc. $CNM Bought by Bornite Capital Management LP
Bornite Capital Management LP has acquired a new stake of 1,000,000 shares in Core & Main, Inc. (NYSE:CNM), valued at approximately $53.83 million, making it their 7th largest holding. This purchase represents 0.51% of Core & Main's outstanding shares and constitutes about 5.0% of Bornite's overall portfolio. The investment coincides with Core & Main's announcement of a $500 million share buyback program and a recent earnings beat, with analysts generally maintaining a "Moderate Buy" rating with an average price target of $62.00.
Select Equity Group holds 4.1% Core & Main (CNM) stake in 13G/A
Select Equity Group, L.P. and George S. Loening have reported a passive ownership stake of 4.1% in Core & Main, Inc. (CNM). This stake comprises 7,778,376 shares of Class A common stock, with beneficial ownership based on 188,802,673 shares outstanding as of December 5, 2025. The reporting persons share both voting and dispositive power over these shares, indicating that the investment is in the ordinary course of business and not intended to influence control of Core & Main.
