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 Price Performance

Shares of Core & Main stock opened at $48.19 on Friday. The business’s fifty day moving average price is $52.32 and its 200 day moving average price is $48.48. Core & Main, Inc. has a twelve month low of $37.22 and a twelve month 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. The stock has a market capitalization of $9.57 billion, a P/E ratio of 22.62, a PEG ratio of 2.61 and a beta of 1.05.

Analyst Ratings Changes

CNM has been the topic of several research analyst reports. 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 note on Tuesday, February 4th. Truist Financial lifted their price target on shares of Core & Main from $38.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Robert W. Baird increased their price objective on shares of Core & Main from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Barclays lifted their target price on shares of Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Citigroup increased their price target on Core & Main from $43.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Core & Main presently has a consensus rating of “Moderate Buy” and an average price target of $57.60.

Hedge Funds Weigh In On Core & Main

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its holdings in Core & Main by 6.5% in the third 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 boosted its stake 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 valued at $4,849,000 after buying an additional 6,227 shares during the last quarter. Quest Partners LLC grew its position 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. increased its stake in shares of Core & Main by 4.1% in 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 during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Core & Main in the third quarter valued at $541,000. 94.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Core & Main

In related news, President Bradford A. Cowles sold 12,500 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $50.50, for a total transaction of $631,250.00. Following the completion of the sale, the president now owns 16,010 shares of the company’s stock, valued at $808,505. This represents a 43.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the general counsel now directly owns 7,667 shares in the company, valued at $387,106.83. This represents a 86.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,294 shares of company stock valued at $9,383,685 over the last ninety days. Corporate insiders own 3.49% 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.