Core & Main, Inc.
In the published model solve dated 2026-Q2, anchored at $43.02, Core & Main, Inc. (CNM) is priced for +4.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Roughly 17% of a $44 billion market for water, storm drainage, fire protection and metering products runs through this one distributor, which reports having ⟦"only one major national competitor"⟧ and hundreds of local ones. • Non-residential construction took 38% of fiscal 2025 net sales and residential another 18%, two markets the annual filing calls volatile and cyclical, and that is where a slowdown arrives first. • The September quarterly report is the next test of the reaffirmed full-year
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456 institutional managers reported holding CNM in 13F filings for the quarter ended 2026-03-31. 75 opened new positions that quarter. Held by BlackRock, Vanguard Group, Capital Group (American Funds), among others. On the short side, 8.7M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CNM's share count grew 35.5% over the past five years even with $1.76B spent on repurchases. It pays no dividend. Cash returned over the past three years: $1.43B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CNM over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CNM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-07 | +6.1% | +11.3% |
| 2023-09-07 | -5.7% | +6.5% |
| 2023-12-06 | +3.1% | +13.4% |
| 2024-03-20 | +9.5% | +7.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CNM's latest 8-K filings: 2026-07-02 (items 1.01, 9.01); 2026-06-25 (items 8.01, 9.01); 2026-06-23 (items 5.07, 9.01); 2026-06-22 (items 8.01, 9.01); 2026-06-10 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.