Core & Main
About: Core & Main Inc is a specialty distributor focusing on water, wastewater, storm drainage, and fire protection products and services. Catering to municipalities, private water companies, and contractors, it serves municipal, non-residential, and residential markets nationwide. Its diverse product line includes pipes, valves, fittings, storm drainage products, fire protection products, and meter products. Revenue is principally generated from pipes, valves, and fittings. The company operates across three construction sectors: municipal, non-residential, and residential, contributing to reliable infrastructure development nationwide.
Employees: 5,700
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
56% more funds holding in top 10
Funds holding in top 10: 9 [Q4 2024] → 14 (+5) [Q1 2025]
36% more call options, than puts
Call options by funds: $44.5M | Put options by funds: $32.7M
25% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 51
3.19% more ownership
Funds ownership: 105.08% [Q4 2024] → 108.27% (+3.19%) [Q1 2025]
0% more funds holding
Funds holding: 407 [Q4 2024] → 409 (+2) [Q1 2025]
2% less capital invested
Capital invested by funds: $10.2B [Q4 2024] → $9.94B (-$235M) [Q1 2025]
21% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 166
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Wells Fargo Sam Reid | 14%upside $70 | Overweight Maintained | 8 Jul 2025 |
Citigroup Anthony Pettinari | 1%upside $62 | Neutral Maintained | 12 Jun 2025 |
RBC Capital Mike Dahl | 9%upside $67 | Outperform Maintained | 11 Jun 2025 |
Loop Capital Jeffrey Stevenson | 10%upside $68 | Buy Maintained | 11 Jun 2025 |
JP Morgan Stephen Tusa | 9%downside $56 | Overweight Maintained | 27 May 2025 |
Financial journalist opinion
