Core & Main (CNM) to Release Quarterly Earnings on Tuesday

Core & Main (NYSE:CNM) is expected to issue its Q4 2026 results before the market opens on Tuesday, March 24th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $1.5890 billion for the quarter. Parties can check the company’s upcoming Q4 2026 earning summary page for the latest details on the call scheduled for Tuesday, March 24, 2026 at 8:30 AM ET.

Core & Main Trading Down 0.4%

Shares of NYSE:CNM opened at $47.89 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.35 and a current ratio of 2.26. The stock’s 50-day moving average is $55.13 and its 200-day moving average is $53.30. The company has a market cap of $9.36 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.77 and a beta of 0.98. Core & Main has a 52-week low of $43.17 and a 52-week high of $67.18.

Core & Main declared that its board has authorized a stock repurchase program on Tuesday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Core & Main

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its position in Core & Main by 262.0% in the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after acquiring an additional 524 shares during the period. AQR Capital Management LLC acquired a new position in Core & Main during the first quarter worth $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Core & Main by 36.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company’s stock valued at $1,719,000 after purchasing an additional 9,534 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Core & Main by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock valued at $14,106,000 after purchasing an additional 54,854 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Core & Main by 145.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 269 shares during the last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup raised their target price on Core & Main from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Robert W. Baird increased their price objective on Core & Main from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Barclays lowered their price objective on shares of Core & Main from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday, December 1st. Wells Fargo & Company boosted their target price on shares of Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Core & Main from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.00.

About Core & Main

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.