Bhavani Amirthalingam Buys Shares of Core & Main, Inc.

Bhavani Amirthalingam purchased 2,799 shares of Core & Main, Inc. (NYSE:CNM) on June 23, 2026. This insider transaction did not specify a purchase price, but shares of Core & Main traded at $46.45 on Thursday.

Insider Buying and Selling at Core & Main, Inc.

Several insiders also bought shares of Core & Main on June 23, 2026. Kimbrough Orvin, Margaret Newman, Dennis Gipson, Susan Hardwick, James Castellano, and James Hope each acquired 2,799 shares. These purchases were not part of any pre-planned trading program, indicating a direct buy into the company.

Other Institutional Activity in Core & Main

Several major funds adjusted their positions in Core & Main recently. BlackRock, Inc. increased its holdings by 277,506 shares, bringing its total to 19,206,024 shares valued at approximately $948.8 million. Capital World Investors significantly boosted its stake by 5,278,652 shares, now holding 11,571,392 shares worth about $571.6 million, marking an 83.9% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 8,465,825 and 7,819,539 shares respectively, valued at $418.2 million and $386.3 million. Conversely, Select Equity Group, L.P. reduced its holdings by 524,169 shares, ending with 7,254,207 shares valued at $358.4 million.

Core & Main, Inc. Stock Up 9.6%

Shares of Core & Main, Inc. (NYSE:CNM) traded near $46.45 on Thursday. The company has a market capitalization of approximately $8.84 billion and a P/E ratio of 20.02. Core & Main's stock has seen a 52-week low of $43.96 and a high of $67.18. The stock's 50-day moving average is $49.50, while the 200-day moving average is $51.85. The firm maintains a current ratio of 2.31 and a quick ratio of 1.28, with a debt-to-equity ratio of 115.94.

Analysts Set New Price Targets

On June 11, 2026, Citigroup maintained its hold rating on Core & Main with a price target of $53. Deutsche Bank and Barclays both maintained their buy ratings with a target of $62 on March 25, 2026. The consensus among analysts is a buy rating, with a mean price target of $60.60 based on 15 opinions.

About Core & Main

Core & Main, Inc. is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States. Based in Saint Louis, Missouri, the company serves municipalities, private water companies, and professional contractors. Core & Main's extensive product portfolio includes pipes, valves, hydrants, fittings, and smart meter solutions, catering to both municipal and non-residential markets. Led by CEO Mark R. Witkowski, the company employs about 5,600 people.

Bottom Line

Insider purchases, such as those by Bhavani Amirthalingam and others, often attract attention as they may signal confidence in the company's prospects. Core & Main, Inc. continues to be a focus for institutional investors, with notable activity from major funds. Analyst opinions remain favorable, with a general consensus rating of buy, reflecting confidence in the company's future performance. As always, 13F filings and insider transactions offer a historical snapshot and may not represent current positions.