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

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

Core & Main stock opened at $48.19 on Friday. The company has a market cap of $9.57 billion, a PE ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05. The company’s 50-day moving average is $52.32 and its two-hundred day moving average is $48.49. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. Core & Main, Inc. has a 1 year low of $37.22 and a 1 year high of $62.15.

Institutional Investors Weigh In On Core & Main

Several hedge funds have recently added to or reduced their stakes in CNM. Mutual of America Capital Management LLC lifted its holdings in Core & Main by 6.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 104,262 shares of the company’s stock valued at $4,629,000 after purchasing an additional 6,347 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Core & Main by 6.0% during the third 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 in the last quarter. Quest Partners LLC lifted its holdings in shares of Core & Main by 1,195,600.0% during the third quarter. Quest Partners LLC now owns 11,957 shares of the company’s stock worth $531,000 after buying an additional 11,956 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Core & Main by 4.1% during the third quarter. Advisors Asset Management Inc. now owns 54,140 shares of the company’s stock worth $2,404,000 after buying an additional 2,129 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Core & Main during the third quarter worth $541,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

Insider Transactions at Core & Main

In related news, General Counsel Mark G. Whittenburg sold 50,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.49, for a total value of $2,524,500.00. Following the completion of the transaction, the general counsel now owns 7,667 shares of the company’s stock, valued at $387,106.83. The trade was a 86.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Schaller sold 21,868 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $46.82, for a total value of $1,023,859.76. Following the completion of the transaction, the executive vice president now directly owns 16,452 shares of the company’s stock, valued at approximately $770,282.64. This trade represents a 57.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,294 shares of company stock valued at $9,383,685. 3.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of 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 increased their price target on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Citigroup raised their target price on shares of Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group raised their target price on shares of Core & Main from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Core & Main presently has an average rating of “Moderate Buy” and a consensus target price of $57.60.

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.