Core & Main, Inc. $CNM Shares Sold by Crossmark Global Holdings Inc.

Posted by Brian Himes on May 12th, 2026

Crossmark Global Holdings Inc. cut its stake in shares of Core & Main, Inc. (NYSE:CNM – Free Report) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,423 shares of the company’s stock after selling 17,372 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Core & Main were worth $2,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in shares of Core & Main during the third quarter worth about $1,130,000. Jennison Associates LLC grew its position in shares of Core & Main by 41.7% during the third quarter. Jennison Associates LLC now owns 2,087,166 shares of the company’s stock worth $112,352,000 after buying an additional 614,595 shares in the last quarter. Pembroke Management LTD grew its position in shares of Core & Main by 26.6% during the third quarter. Pembroke Management LTD now owns 909,216 shares of the company’s stock worth $48,943,000 after buying an additional 190,879 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Core & Main by 881.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 52,963 shares of the company’s stock worth $2,752,000 after buying an additional 47,569 shares in the last quarter. Finally, Procyon Advisors LLC acquired a new position in shares of Core & Main during the fourth quarter worth about $1,779,000. 94.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research downgraded Core & Main from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Barclays lowered their price objective on Core & Main from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Core & Main from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.64.

Check Out Our Latest Report on Core & Main

Insider Buying and Selling

In other Core & Main news, Director James D. Hope purchased 1,972 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average cost of $50.70 per share, with a total value of $99,980.40. Following the completion of the acquisition, the director directly owned 6,939 shares of the company’s stock, valued at $351,807.30. This trade represents a 39.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robyn L. Bradbury sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.54, for a total value of $262,700.00. Following the completion of the transaction, the chief financial officer directly owned 12,500 shares of the company’s stock, valued at $656,750. This trade represents a 28.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.53% of the company’s stock.

Core & Main Stock Performance

Shares of CNM opened at $48.84 on Tuesday. The stock has a 50 day moving average price of $50.24 and a 200 day moving average price of $52.30. The company has a quick ratio of 1.51, a current ratio of 2.63 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. Core & Main, Inc. has a 52-week low of $43.96 and a 52-week high of $67.18.

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.