Insider Margaret Newman Purchases Core & Main Shares

On June 23, 2026, Margaret Newman, an insider at Core & Main, Inc. (NYSE: CNM), purchased 2,799 shares of the company. This transaction didn't involve any planned trading scheme and was executed at a price of $0.00 per share, indicating it might have been part of a compensation package or similar arrangement. The stock traded at $46.45 on the NYSE as of Thursday.

Insider Buying and Selling at Core & Main, Inc.

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

Other Institutional Activity in Core & Main

Institutional investors have also been active in Core & Main. BlackRock, Inc. increased its holdings by 277,506 shares, bringing its total to 19,206,024 shares valued at approximately $948.8 million, marking a 1.5% increase. Capital World Investors significantly boosted its position by 5,278,652 shares, now holding 11,571,392 shares worth $571.6 million, an 83.9% increase. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 8,465,825 and 7,819,539 shares, valued at $418.2 million and $386.3 million, respectively. Conversely, Select Equity Group, L.P. and Pictet Asset Management Holding SA reduced their stakes, with Select Equity trimming 524,169 shares and Pictet cutting 926,760 shares, representing decreases of 6.7% and 12.5%, respectively.

Core & Main, Inc. Stock Up 9.6%

Core & Main, Inc. has a market capitalization of approximately $8.84 billion. The company's P/E ratio stands at 20.02, with a forward P/E of 15.34, indicating expectations of earnings growth. The stock's beta is 0.906, suggesting moderate volatility compared to the market. Over the past year, Core & Main has traded between $43.96 and $67.18. Its 50-day moving average is $49.50, while the 200-day moving average is $51.85. The company 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

Analysts continue to show interest in Core & Main. On June 11, 2026, Citigroup maintained a hold rating with a price target of $53.00. Deutsche Bank and Barclays both maintain buy ratings with a target of $62.00 as of March 25, 2026. Wells Fargo also supports a buy rating, setting a target at $65.00 on January 14, 2026. The overall analyst consensus suggests a buy rating, with a mean target price 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. The company provides a wide range of products, including pipes, valves, hydrants, fittings, and smart meter solutions. Core & Main serves municipalities, private water companies, and contractors across municipal, non-residential, and residential markets. The company was founded in 1874 and employs approximately 5,600 people.

Bottom Line

Insider buying activity at Core & Main, Inc. reflects potential confidence in the company's future prospects. Institutional investors have shown varied interest, with some increasing their holdings significantly. Core & Main maintains a solid market position in the industrial distribution sector, and analysts generally recommend buying the stock, highlighting its potential for growth. As always, remember that insider transactions and institutional holdings are backward-looking indicators and may not reflect future performance.