James Hope Buys Shares in Core & Main, Inc.

James Hope recently bought 2,799 shares of Core & Main, Inc. (NYSE:CNM) on June 23, 2026. The stock was trading near $46.45 on Thursday. This transaction did not specify a price or total value, and it was not part of a pre-planned trading program.

Insider Buying and Selling at Core & Main, Inc.

Several insiders, including James Hope, made identical purchases of 2,799 shares each on June 23, 2026. These transactions were not planned under Rule 10b5-1 plans, indicating direct buys. Other insiders involved in similar transactions on the same day include Kimbrough Orvin, Margaret Newman, Dennis Gipson, Susan Hardwick, and James Castellano.

Other Institutional Activity in Core & Main

In recent institutional activity, 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, an 83.9% increase, to hold 11,571,392 shares worth about $571.6 million. 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, a 6.7% decrease, ending with 7,254,207 shares valued at $358.4 million.

Core & Main, Inc. Stock Up 9.6%

As of Thursday, Core & Main, Inc. shares were trading near $46.45. The company, which operates in the industrial distribution sector, has a market capitalization of approximately $8.84 billion. It trades with a P/E ratio of 20.02 and a forward P/E of 15.34. The stock's 52-week range is between $43.96 and $67.18, with a 50-day moving average of $49.50 and a 200-day moving average of $51.85. Core & Main has a current ratio of 2.31 and a quick ratio of 1.28, indicating solid liquidity, though its debt-to-equity ratio stands at 115.94.

Recent Earnings

Core & Main reported revenue of $7.65 billion with a slight decline in growth. The company's net margin is 5.87%, and it has a return on equity of 23.88%. The next earnings release is scheduled for September 8, 2026.

Analysts Set New Price Targets

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

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 provides a wide range of products and services essential for maintaining and upgrading infrastructure. It serves municipalities, private water companies, and professional contractors across the country. Core & Main was founded in 1874 and employs around 5,600 people.

Bottom Line

James Hope's recent purchase of Core & Main shares reflects insider interest in the company. The stock is actively tracked by institutions, with significant changes in holdings by major funds like BlackRock and Capital World Investors. Core & Main's upcoming earnings report may provide further insight into its financial health and growth prospects.