Core & Main (NYSE:CNM) Upgraded to “Buy” at Wall Street Zen

Posted by George Bondi on Jul 26th, 2026

Wall Street Zen upgraded shares of Core & Main (NYSE:CNM – Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

CNM has been the subject of several other research reports. Citigroup dropped their price target on Core & Main from $54.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. William Blair initiated coverage on Core & Main in a research report on Thursday. 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 analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.73.

Check Out Our Latest Analysis on CNM

Core & Main Stock Performance

Core & Main stock opened at $43.69 on Friday. The company’s 50-day moving average price is $47.31 and its 200-day moving average price is $50.83. 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 company has a market cap of $8.45 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. Core & Main has a twelve month low of $42.50 and a twelve month high of $67.18.

Insider Buying and Selling

In other news, Director James D. Hope purchased 2,067 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were bought at an average cost of $46.01 per share, for a total transaction of $95,102.67. Following the acquisition, the director owned 11,805 shares of the company’s stock, valued at approximately $543,148.05. This trade represents a 21.23% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.51% of the company’s stock.

Institutional Trading of Core & Main

Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its stake in shares of Core & Main by 262.0% during the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after buying an additional 524 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Core & Main in the first quarter worth approximately $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 worth $1,719,000 after acquiring an additional 9,534 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Core & Main by 23.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock worth $14,106,000 after acquiring an additional 54,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Core & Main by 145.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock worth $27,000 after acquiring an additional 269 shares during the last quarter. Institutional investors own 94.19% of the company’s stock.

About Core & Main

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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.