SG Americas Securities LLC Lowers Position in Core & Main, Inc. $CNM

Posted by Brian Himes on Jul 2nd, 2026

SG Americas Securities LLC decreased its position in shares of Core & Main, Inc. (NYSE:CNM – Free Report) by 38.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,179 shares of the company’s stock after selling 31,985 shares during the quarter. SG Americas Securities LLC’s holdings in Core & Main were worth $2,479,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Core & Main by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock worth $27,000 after buying an additional 269 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in Core & Main in the fourth quarter valued at $26,000. Whittier Trust Co. acquired a new position in shares of Core & Main in the fourth quarter worth about $28,000. Cubist Systematic Strategies LLC raised its position in shares of Core & Main by 262.0% in the first 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 period. Finally, Quarry LP purchased a new stake in shares of Core & Main during the 4th quarter worth about $38,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James D. Hope purchased 1,972 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average cost of $50.70 per share, for a total transaction of $99,980.40. Following the completion of the transaction, the director owned 6,939 shares of the company’s stock, valued at $351,807.30. This trade represents a 39.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robyn L. Bradbury sold 5,000 shares of the stock in a transaction 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 approximately $656,750. This 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. 1.51% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CNM has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $24.00 target price on shares of Core & Main in a research report on Thursday, June 11th. Citigroup lowered their price target on Core & Main from $54.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Barclays reduced their target price on Core & Main from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, March 25th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Core & Main presently has a consensus rating of “Moderate Buy” and an average price target of $57.73.

Read Our Latest Stock Report on CNM

Core & Main Stock Down 5.7%

Shares of NYSE CNM opened at $45.49 on Thursday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. The company’s 50-day simple moving average is $48.74 and its 200-day simple moving average is $51.89. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.00. Core & Main, Inc. has a 52-week low of $43.96 and a 52-week high of $67.18.

Core & Main (NYSE:CNM – Get Free Report) last released its quarterly earnings results on Wednesday, June 10th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.19. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. Core & Main had a net margin of 5.87% and a return on equity of 26.17%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. Equities analysts predict that Core & Main, Inc. will post 3.06 EPS for the current fiscal year.

Core & Main Company 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.