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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 modestly amid a broad market selloff driven by a deepening chip stock rout, geopolitical tensions following U.S. strikes on Iranian military infrastructure, and investor concerns over AI spending sustainability that pressured major indexes lower.

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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 Bessemer Group Inc.MarketBeat · July 18, 2026Core & Main, Inc. $CNM Shares Bought by Illinois Municipal Retirement FundIndustrial Distribution · July 11, 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 18, 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%