Handelsbanken Fonder AB Decreases Stake in Core & Main, Inc. $CNM

Posted by Geri Gentry on Aug 11th, 2026

Handelsbanken Fonder AB reduced its stake in shares of Core & Main, Inc. (NYSE:CNM – Free Report) by 5.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,233,692 shares of the company’s stock after selling 67,808 shares during the quarter. Handelsbanken Fonder AB’s holdings in Core & Main were worth $59,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CNM. Cubist Systematic Strategies LLC raised its stake in Core & Main by 262.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock worth $35,000 after acquiring an additional 524 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Core & Main during the 1st quarter valued at about $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Core & Main by 36.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company’s stock valued at $1,719,000 after purchasing an additional 9,534 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Core & Main by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock valued at $14,106,000 after purchasing an additional 54,854 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings 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 valued at $27,000 after purchasing an additional 269 shares during the period. 94.19% of the stock is owned by hedge funds and other institutional investors.

Core & Main Stock Down 0.6%

Core & Main stock opened at $46.25 on Tuesday. The business’s 50-day moving average price is $46.69 and its 200 day moving average price is $49.90. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.00. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.92. Core & Main, Inc. has a 52 week low of $41.88 and a 52 week high of $67.18.

Insider Activity at Core & Main

In other Core & Main news, Director James D. Hope bought 2,067 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were purchased at an average cost of $46.01 per share, for a total transaction of $95,102.67. Following the transaction, the director directly owned 11,805 shares of the company’s stock, valued at approximately $543,148.05. The trade was a 21.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.51% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on CNM shares. Citigroup decreased their target price on Core & Main from $54.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $24.00 price target on shares of Core & Main in a report on Thursday, June 11th. Wall Street Zen lowered shares of Core & Main from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, William Blair assumed coverage on shares of Core & Main in a research note on Thursday, July 23rd. They set a “market perform” rating for the company. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Core & Main currently has a consensus rating of “Moderate Buy” and an average price target of $56.70.

Read Our Latest Research Report on Core & Main

Core & Main Profile

(Free Report)

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.