Core & Main (NYSE:CNM) Sets New 1-Year Low – Here’s What Happened

29 Jul 2026, 16:01 by Sarita Garza · The Markets Daily

Core & Main, Inc. (NYSE:CNM – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $42.12 and last traded at $42.0810, with a volume of 122327 shares. The stock had previously closed at $43.98.

Analysts Set New Price Targets

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

View Our Latest Analysis on CNM

Core & Main Price Performance

The company has a current ratio of 2.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average price is $47.24 and its two-hundred day moving average price is $50.65. The stock has a market cap of $8.14 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91.

Insider Buying and Selling

In other news, Director James D. Hope acquired 2,067 shares of the business’s stock in a transaction on Monday, July 6th. The shares were acquired at an average cost of $46.01 per share, with a total value of $95,102.67. Following the transaction, the director owned 11,805 shares in the company, valued at $543,148.05. The trade was a 21.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in Core & Main by 881.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 52,963 shares of the company’s stock worth $2,752,000 after purchasing an additional 47,569 shares during the period. KBC Group NV boosted its holdings in shares of Core & Main by 11.6% during the 4th quarter. KBC Group NV now owns 2,618,916 shares of the company’s stock valued at $136,105,000 after buying an additional 272,258 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Core & Main by 10.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,872,595 shares of the company’s stock worth $149,289,000 after buying an additional 279,373 shares during the period. Thomasville National Bank bought a new position in shares of Core & Main in the 4th quarter worth about $11,112,000. Finally, Oak Thistle LLC purchased a new position in Core & Main during the 4th quarter valued at about $509,000. Hedge funds and other institutional investors own 94.19% of the company’s stock.

About Core & Main

(Get 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.