Core & Main (CNM) to Release Earnings on Tuesday

Core & Main (NYSE:CNM) is expected to be issuing its Q4 2026 results before the market opens on Tuesday, March 24th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $1.5890 billion for the quarter. Interested persons are encouraged to explore the company’s upcoming Q4 2026 earning overview page for the latest details on the call scheduled for Tuesday, March 24, 2026 at 8:30 AM ET.

Core & Main Trading Down 0.3%

CNM stock opened at $47.38 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.35. Core & Main has a 1-year low of $43.17 and a 1-year high of $67.18. The business has a 50 day simple moving average of $54.54 and a two-hundred day simple moving average of $52.91. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.86 and a beta of 0.98.

Core & Main declared that its board has authorized a stock buyback plan on Tuesday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Core & Main

Several hedge funds have recently made changes to their positions in CNM. Cubist Systematic Strategies LLC increased its stake in Core & Main by 262.0% during the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock worth $35,000 after acquiring an additional 524 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Core & Main in the 1st quarter valued at approximately $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Core & Main by 36.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company’s stock worth $1,719,000 after purchasing an additional 9,534 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Core & Main by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock worth $14,106,000 after purchasing an additional 54,854 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Core & Main by 145.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 269 shares during the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNM has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 target price on shares of Core & Main in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Core & Main from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Zacks Research lowered Core & Main from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Barclays reduced their price objective on Core & Main from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.00.

Core & Main Company Profile

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.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.