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Core & Main, Inc.

CNM · NYSE

Market closed$45.24$-0.540000 (-1.18%)After hours $45.24 · 0.00%

Key statistics

Previous close$45.78
Open$45.09
Day high$46.38
Day low$45.02
52-week high$67.18
52-week low$43.96
Market cap8.47B
Volume1.66M
Average volume2.56M
P/E ratio17.81
Forward P/E10.75
EPS2.54
Dividend yield0.00%

Market context

Why it moved

CNM shares declined amid a broad market selloff driven by renewed concerns over AI spending sustainability and geopolitical tensions disrupting oil trade routes through the Strait of Hormuz, which weighed on most sectors outside of energy.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Core & Main gained over 2.5%, outperforming the broader industrials sector (XLI closed roughly flat) as Barclays reaffirmed its Buy rating on the stock. The move comes amid a constructive backdrop for industrial distributors, with peer Fastenal posting better-than-expected Q2 revenues of $2.39 billion and B2B distribution broadly benefiting from digital commerce momentum. Separately, competitor Ferguson's $1.6B acquisition of FloWorks underscores ongoing consolidation activity in the distribution space, potentially boosting sentiment around Core & Main's own positioning.

2.5078

July 15, 2026Core & Main closed down roughly 1.2%, hovering near its 52-week low, as Barclays reaffirmed its Buy rating on the stock—offering only modest support against broader headwinds. Industrial distribution peers face a mixed backdrop: Fastenal posted strong Q2 sales growth of 14.7%, while Pentair was downgraded by RBC Capital on pool destocking concerns. Industrials broadly have underperformed the tech-led rally driven by soft CPI data, and Morningstar views the sector as fully valued after a 35%+ run.

-1.2384

July 15, 2026Core & Main edged up about 1%, modestly outperforming the broader industrials sector (XLI) as investors responded to a favorable CPI report showing headline inflation easing to 3.5% and a strong Fastenal earnings beat—up 14.7% in Q2 sales—signaling resilient industrial distribution demand. Meanwhile, competitor Ferguson's $1.6B acquisition of FloWorks underscored ongoing consolidation in the distribution space, expanding into higher-growth industrial end markets like datacenters and semiconductors, raising the competitive bar for peers like Core & Main.

1.0729

July 14, 2026Core & Main fell nearly 2.5%, approaching its 52-week low of $43.96, as broader market weakness weighed on industrial distributors amid renewed U.S.-Iran military hostilities that sent oil prices surging and dampened equity sentiment. Peer Ferguson (FERG) grabbed attention with its $1.6 billion acquisition of FloWorks, highlighting consolidation in the distribution space, while analysts maintain a consensus price target of $57.73 for Core & Main — implying over 25% upside — as the stock's valuation at ~19x earnings remains a relative bright spot versus peers.

-2.4422

July 11, 2026Core & Main shares rose modestly, outperforming the broader industrials sector (XLI was roughly flat), as investors weighed a confluence of recent developments: a director open-market purchase of 2,067 shares at ~$46 on July 6 signaling insider confidence near 52-week lows, a $750 million senior notes offering aimed at refinancing debt and funding M&A, and a Moody's upgrade of the company's senior secured term loan to Ba2. However, headwinds persist — CNM was recently removed from multiple Russell growth indices (including Russell 1000 Growth), pressuring the shareholder base, while analysts maintain a 'Moderate Buy' consensus with a $57.73 average price target implying significant upside from current levels.

1.4377

July 10, 2026Core & Main slipped modestly as a mix of company-specific and macro headwinds weighed on investor sentiment. The water and fire protection distributor was removed from multiple Russell growth indices in late June — including the Russell 1000 Growth and Midcap Growth — a structural shift that is reshaping its institutional ownership base and adding selling pressure. Complicating the picture further, Swedbank AB trimmed its stake by 21.3% in Q1, while a congressional representative disclosed a June sale. On the positive side, Director James Hope made an open-market purchase of 2,067 shares on July 6, and Wall Street maintains a consensus "Moderate Buy" with an average target of $57.73 — roughly 28% above current levels.

-0.8335

July 9, 2026Core & Main edged slightly lower, outperforming a broader market selloff triggered by the collapse of the U.S.-Iran ceasefire framework, which sent oil prices surging and rattled risk assets globally. The stock remains under pressure from its recent removal from multiple Russell growth indices — including the Russell 1000 Growth and Midcap Growth — which has prompted forced selling by index-tracking funds, while the company's $750 million senior notes offering (6.000% due 2034) signals active capital structure management aimed at debt refinancing, acquisitions, and buybacks. A director's open-market purchase of 2,067 shares at ~$46 offers a modest insider confidence signal, though sentiment remains weak with the stock down roughly 14% year-to-date.

-0.3497

July 7, 2026Core & Main edged slightly lower, slipping modestly as investors digest two key overhangs: the company's removal from multiple Russell growth indices in late June — including the Russell 1000 Growth and Midcap Growth — which is prompting passive fund rebalancing, and the recently closed $750 million senior notes offering at 6.000% due 2034. While the index removal reshapes the near-term investor base rather than fundamentals, analysts note a $60.56 fair value estimate implying ~32% upside, as the company targets $8.6B in revenue by 2029.

-0.5002

MarketBeat · July 18, 2026Core & Main, Inc. $CNM Shares Bought by Illinois Municipal Retirement FundMarketBeat · July 18, 2026Core & Main, Inc. $CNM Shares Bought by Bessemer Group Inc.Industrial Distribution · July 12, 2026Core & Main Expands in CaliforniaTradingView · July 10, 2026Core & Main and the Infrastructure Argument No One Is Making LoudlyBusiness Wire · June 25, 2026Core & Main Announces Launch of Senior Notes OfferingModern Distribution Management · June 19, 2026Core & Main Posts Flat 1Q Sales as Margins ExpandBusiness Wire · March 27, 2026Core & Main Announces Changes to Board of Directors and Executive ChairStock Titan · January 26, 2026Core & Main buys water, wastewater distributor in Oklahoma and Texas
Benzinga · July 8, 2026Maryland Rep. April McClain Delaney Sold Over $11K Worth of Core & Main Stock: Here’s What You Should Know
Mt Newswire · June 25, 2026Core & Main Prices $750 Million Senior Notes Offering
Mt Newswire · June 25, 2026Core & Main's Unit Launches $750 Million Senior Notes Offering
Benzinga · June 11, 2026Citigroup Maintains Neutral on Core & Main, Lowers Price Target to $53
Mt Newswire · June 10, 2026Core & Main First-Quarter Results Top Views Amid Municipal Demand
Benzinga · June 10, 2026Core & Main Q1 2026 Earnings Call Transcript
Mt Newswire · June 10, 2026Core & Main Fiscal Q1 Adjusted Earnings Rise, Sales Unchanged
Benzinga · June 10, 2026Core & Main Affirms FY2026 Sales Guidance of $7.800B-$7.900B vs $7.901B Est

Peers

S&P 500SPX · $7,457.69-1.01%Ferguson plcFERG · $232.02-0.89%Builders FirstSource, Inc.BLDR · $74.26-5.04%WESCO International, Inc.WCC · $327.86+0.35%Applied Industrial Technologies, Inc.AIT · $336.41+1.29%Mueller Water Products, Inc.MWA · $25.46-1.85%Advanced Drainage Systems, Inc.WMS · $147.55-2.47%Watts Water Technologies, Inc.WTS · $346.43-1.97%Badger Meter, Inc.BMI · $149.48-1.11%Fortrea Holdings Inc.FTRE · $17.76-0.89%Watsco, Inc.WSO · $371.91-3.44%Avnet, Inc.AVT · $85.65+1.05%