Core & Main
CNM

$53.53

5.54%

Market Cap: 10.3B

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 primarily 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: 5,000

Industrials Durable Goods, Not Elsewhere Classified

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 11 analysts

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

275% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 15 (+11) [Q1 2024]

151% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 39

43% more repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 121

34% more capital invested

Capital invested by funds: $8.39B [Q4 2023] → $11.2B (+$2.86B) [Q1 2024]

16% more funds holding

Funds holding: 358 [Q4 2023] → 417 (+59) [Q1 2024]

11.7% less ownership

Funds ownership: 113.96% [Q4 2023] → 102.26% (-11.7%) [Q1 2024]

71% less call options, than puts

Call options by funds: $82.1M | Put options by funds: $279M

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$38

29%

downside

Avg. target

$58

8%

upside

High target

$65

21%

upside

11 analyst ratings

7 positive

64%

4 neutral

36%

0 negative

0%

RBC Capital Mike Dahl	12%upside $60	Outperform Reiterated	5 Jun 2024
Truist Securities Keith Hughes	7%downside $50	Hold Maintained	5 Jun 2024
Citigroup Anthony Pettinari	20%upside $64	Neutral Downgraded	5 Apr 2024
Goldman Sachs Joe Ritchie	14%upside $61	Neutral Maintained	26 Mar 2024
Citigroup Anthony Pettinari	18%upside $63	Buy Maintained	21 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about CNM published over the past 30 days

Zacks Investment Research

Core & Main (CNM) Beats Stock Market Upswing: What Investors Need to Know

In the closing of the recent trading day, Core & Main (CNM) stood at $51.22, denoting a +0.75% change from the preceding trading day.

Core & Main (CNM) Beats Stock Market Upswing: What Investors Need to Know

Core & Main Expands into Canada by Signing Agreement to Acquire HM Pipe Products

ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into a definitive agreement to acquire HM Pipe Products, a Canadian distributor of water and wastewater products.

Core & Main Expands into Canada by Signing Agreement to Acquire HM Pipe Products

Core & Main Announces Executive Leadership Changes

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc., a leader in advancing reliable infrastructure with local service, nationwide, announces changes to its executive leadership team.

Core & Main Announces Executive Leadership Changes

Zacks Investment Research

New Strong Sell Stocks for June 28th

DOOO, CNM and ARCO have been added to the Zacks Rank #5 (Strong Sell) List on June 28, 2024.

New Strong Sell Stocks for June 28th

Zacks Investment Research

Is It Worth Investing in Core & Main (CNM) Based on Wall Street's Bullish Views?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is It Worth Investing in Core & Main (CNM) Based on Wall Street's Bullish Views?

Core & Main Announces $500 Million Share Repurchase Authorization

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces $500 Million Share Repurchase Authorization.

Core & Main Announces $500 Million Share Repurchase Authorization

Zacks Investment Research

Is Core & Main (CNM) a Buy as Wall Street Analysts Look Optimistic?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is Core & Main (CNM) a Buy as Wall Street Analysts Look Optimistic?

Core & Main: Post-Earnings Correction Is A Buying Opportunity

Core & Main, Inc. is expected to experience good revenue growth due to strength in non-residential construction, municipal repair and replacement, and the residential end market. Margins may face near-term headwinds from competitive pressures and growth investments, but long-term margin expansion prospects are attractive. The company's revenue outlook remains positive, with healthy demand in various end markets and potential growth from the Infrastructure Investment and Jobs Act.

Core & Main: Post-Earnings Correction Is A Buying Opportunity

The Motley Fool

Why Core & Main Sank Today

Core & Main beat revenue expectations but missed on its bottom line. The construction-equipment stock for water and wastewater handling is seeing lower margins as pricing normalizes.

Why Core & Main Sank Today

Core & Main, Inc. (CNM) Q1 2024 Earnings Call Transcript

Core & Main, Inc. (NYSE:CNM ) Q1 2024 Earnings Conference Call June 4, 2024 8:30 AM ET Company Participants Robyn Bradbury - VP, Finance and IR Steve LeClair - Chairman and CEO Mark Witkowski - CFO Conference Call Participants Matthew Bouley - Barclays Nigel Coe - Wolfe Research Mike Dahl - RBC Capital Markets Asher Sohnen - Citigroup Kathryn Thompson - Thompson Research Group Joe Ritchie - Goldman Sachs Operator Good morning, everyone, and welcome to the Core & Main Q1 2024 Earnings Call. My name is Angela and I'll be coordinating your call today.

Core & Main, Inc. (CNM) Q1 2024 Earnings Call Transcript

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