Robert Buck Buys Shares in Core & Main, Inc.

Robert Buck, an insider at Core & Main, Inc. (NYSE:CNM), bought 2,799 shares of the company on June 23, 2026. The transaction did not specify a value, and the shares were acquired without a pre-planned trading arrangement.

Insider Buying and Selling at Core & Main, Inc.

Several insiders at Core & Main, Inc. made purchases on June 23, 2026. Kimbrough Orvin, Margaret Newman, Dennis Gipson, Susan Hardwick, James Castellano, and James Hope each bought 2,799 shares. These transactions were not part of pre-planned trading agreements.

Other Institutional Activity in Core & Main

BlackRock, Inc. increased its stake in Core & Main by 277,506 shares, bringing its total to 19,206,024 shares valued at approximately $948.8 million. Capital World Investors significantly boosted its position 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 with 8,465,825 and 7,819,539 shares, respectively. Meanwhile, Select Equity Group, L.P. reduced its holdings by 524,169 shares, resulting in 7,254,207 shares valued at $358.4 million, a 6.7% decrease. Pictet Asset Management Holding SA also trimmed its stake by 926,760 shares, now holding 6,514,667 shares worth $321.8 million, a 12.5% decrease.

Core & Main, Inc. Stock Up 9.6%

On Thursday, shares of Core & Main, Inc. traded near $46.45. The company, with a market cap of about $8.84 billion, has a P/E ratio of 20.02 and a forward P/E of 15.34. Core & Main’s stock has a 52-week low of $43.96 and a high of $67.18. The 50-day moving average stands at $49.50, and the 200-day moving average is $51.85. The company's current ratio is 2.31, with a quick ratio of 1.28 and 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, Inc. with a price target of $53. Deutsche Bank and Barclays both reaffirmed their buy ratings with a target of $62, noted on March 25, 2026. The consensus recommendation for Core & Main is a buy, with an average price target of $60.60 based on 15 analyst opinions.

About Core & Main

Core & Main, Inc., headquartered in Saint Louis, Missouri, is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States. With a workforce of around 5,600 employees, the company supplies a wide range of infrastructure-related products and services to municipalities and contractors. Its offerings include pipes, valves, hydrants, and smart metering solutions, catering to both residential and non-residential markets.

Bottom Line

Insider activity at Core & Main, Inc. suggests confidence in the company's prospects, with multiple insiders purchasing shares recently. The company's strong market position in industrial distribution and its significant market cap make it a notable player in the sector. While institutional investors have shown mixed sentiment, analyst ratings lean towards a positive outlook, with several maintaining buy recommendations.