Core & Main (CNM) Insider James Castellano Buys 2,799 Shares
James Castellano acquired 2,799 shares of Core & Main, Inc. on June 23, 2026.
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James Castellano bought 2,799 shares of Core & Main, Inc. ($CNM) on June 23, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $CNM is up 3.9% after 1 week, down 7.2% after 1 month and down 9.6% to date (from the $46.45 close on Jun 23, 2026).
CNM
Core & Main, Inc.
Key Points
- James Castellano bought 2,799 shares of Core & Main, Inc. on June 23, 2026, as part of a notable series of insider transactions on the same day.
- The stock closed at $47.13 on the day of the purchase, which is an increase from its previous close of $42.61.
- Analysts maintain a buy recommendation for Core & Main, Inc., with a target price averaging around $55.29.
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Insider Buying and Selling at Core & Main, Inc.
James Castellano purchased 2,799 shares of Core & Main, Inc. (NYSE: CNM) on June 23, 2026. This purchase comes as part of a series of insider buys on the same day, indicating strong interest from company leadership. The shares were bought at a market price of $47.13, reflecting a positive shift from the previous closing price of $42.61.
Other Insiders Join the Buying Trend
On the same day, several other insiders also made significant purchases of 2,799 shares each. Kathleen Mazzarella, Bhavani Amirthalingam, Robert Buck, James Hope, Susan Hardwick, and Dennis Gipson all acquired shares. This collective buying activity may signal confidence in the company's prospects and aligns with their ongoing commitment to Core & Main.
How Core & Main, Inc. Stock Has Traded
The stock is currently trading at $47.13, which is above its 50-day moving average of $44.08. Core & Main's shares have seen a 52-week low of $40.03 and a high of $59.66, suggesting some volatility in its price over the year. The recent insider buying comes at a time when the stock is showing resilience in a fluctuating market.
Analysts Set New Price Targets
Analysts continue to view Core & Main positively. On October 7, 2026, RBC Capital maintained its "Outperform" rating with a target price of $57.0, down from a prior target of $60.0. Citigroup and Wells Fargo also maintained their ratings, with targets of $46.0 and $48.0, respectively. The consensus recommendation remains a buy, indicating that analysts see potential for growth despite some adjustments in price targets.
What Core & Main, Inc. Does
Core & Main, Inc. distributes products and services for water, wastewater, storm drainage, and fire protection systems in the U.S. The company serves municipalities and contractors, making it a key player in infrastructure maintenance and construction. This insider activity reflects a belief in the company's ongoing importance in its sector.
What's Next for Core & Main
The next earnings report for Core & Main is set for December 8, 2026. Investors will be looking for updates on revenue growth, which has been steady at 2.5% recently. As the company continues to navigate the market, the recent insider buying may provide insights into leadership's confidence in future performance.
Related Filing Alerts
Source: James Castellano's Form 4 filing on $CNM (Jun 23, 2026). Find the original filing: CNM Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts