Rep. April McClain Delaney Purchases Shares of Core & Main, Inc. (NYSE:CNM)

Representative April McClain Delaney (D-Maryland) recently bought shares of Core & Main, Inc. NYSE: CNM. In a filing disclosed on March 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Core & Main stock on February 8th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Revvity NYSE: RVTY on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/28/2025.
• Purchased $15,001 - $50,000 in shares of Corpay NYSE: CPAY on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of CACI International NYSE: CACI on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 2/27/2025.
• Sold $15,001 - $50,000 in shares of Teledyne Technologies NYSE: TDY on 2/22/2025.
• Purchased $1,001 - $15,000 in shares of Corpay NYSE: CPAY on 2/22/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/22/2025.

Core & Main Stock Performance

NYSE:CNM remained flat at $49.64 during trading hours on Tuesday. 4,110,922 shares of the company's stock traded hands, compared to its average volume of 2,228,573. The business's fifty day simple moving average is $52.28 and its 200 day simple moving average is $48.64. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main, Inc. has a 52 week low of $37.22 and a 52 week high of $62.15. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

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Core & Main (NYSE:CNM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Core & Main had a net margin of 5.71% and a return on equity of 24.71%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm's quarterly revenue was up 17.9% on a year-over-year basis. Research analysts predict that Core & Main, Inc. will post 2.16 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Core & Main from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Citigroup upped their price target on shares of Core & Main from $43.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Loop Capital boosted their target price on Core & Main from $52.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Barclays raised their price target on Core & Main from $57.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.60.

Insiders Place Their Bets

In related news, EVP John R. Schaller sold 60,452 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.57, for a total transaction of $3,057,057.64. Following the completion of the transaction, the executive vice president now directly owns 17,898 shares in the company, valued at $905,101.86. This represents a 77.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $50.49, for a total transaction of $2,524,500.00. Following the completion of the sale, the general counsel now owns 7,667 shares in the company, valued at $387,106.83. This represents a 86.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 184,294 shares of company stock valued at $9,383,685 in the last three months. Company insiders own 3.49% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its position in Core & Main by 6.5% during the third quarter. Mutual of America Capital Management LLC now owns 104,262 shares of the company's stock worth $4,629,000 after purchasing an additional 6,347 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Core & Main by 6.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 109,225 shares of the company's stock worth $4,849,000 after buying an additional 6,227 shares during the period. Quest Partners LLC grew its stake in Core & Main by 1,195,600.0% in the 3rd quarter. Quest Partners LLC now owns 11,957 shares of the company's stock valued at $531,000 after buying an additional 11,956 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Core & Main by 4.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 54,140 shares of the company's stock worth $2,404,000 after acquiring an additional 2,129 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Core & Main during the 3rd quarter valued at approximately $541,000. Institutional investors and hedge funds own 94.19% of the company's stock.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

Core & Main Company Profile

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.