Madison Asset Management LLC Takes $5.59 Million Position in Core & Main, Inc. $CNM

Posted by Brian Himes on Aug 20th, 2026

Madison Asset Management LLC bought a new stake in Core & Main, Inc. (NYSE:CNM – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 115,865 shares of the company’s stock, valued at approximately $5,590,000.

A number of other institutional investors have also added to or reduced their stakes in CNM. Norges Bank bought a new position in Core & Main in the fourth quarter worth approximately $108,265,000. First Trust Advisors LP increased its holdings in shares of Core & Main by 38.6% during the fourth quarter. First Trust Advisors LP now owns 5,318,070 shares of the company’s stock valued at $276,380,000 after acquiring an additional 1,482,235 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Core & Main during the third quarter valued at approximately $67,284,000. Morgan Stanley increased its holdings in shares of Core & Main by 8.3% during the fourth quarter. Morgan Stanley now owns 14,586,859 shares of the company’s stock valued at $758,079,000 after acquiring an additional 1,118,145 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of Core & Main by 286.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,379,820 shares of the company’s stock worth $74,276,000 after purchasing an additional 1,022,864 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on Core & Main from $54.00 to $53.00 and set a “neutral” rating on the stock 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 note on Saturday, August 8th. William Blair began coverage on shares of Core & Main in a report on Thursday, July 23rd. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $24.00 price objective on shares of Core & Main in a research note on Thursday, June 11th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.70.

Check Out Our Latest Stock Analysis on Core & Main

Insider Buying and Selling at Core & Main

In related news, Director James D. Hope bought 2,067 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were bought at an average price of $46.01 per share, for a total transaction of $95,102.67. Following the completion of the acquisition, the director directly owned 11,805 shares of the company’s stock, valued at $543,148.05. This trade 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 link. 1.51% of the stock is owned by corporate insiders.

Core & Main Price Performance

CNM stock opened at $45.33 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 2.31. The business has a 50-day simple moving average of $45.88 and a two-hundred day simple moving average of $49.36. The company has a market capitalization of $8.77 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.57 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.

About Core & Main

(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.