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Core & Main
CNM

$51.55
0.8%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 12 analysts
0
News positive %
of 9 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

Research analyst outlook

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

Low target
$38
26%
downside
Avg. target
$57
11%
upside
High target
$65
26%
upside

12 analyst ratings

positive
67%
neutral
33%
negative
0%
RBC Capital
Mike Dahl
16%upside
$60
Outperform
Reiterated
5 Jun 2024
Truist Securities
Keith Hughes
3%downside
$50
Hold
Maintained
5 Jun 2024
Citigroup
Anthony Pettinari
24%upside
$64
Neutral
Downgraded
5 Apr 2024
Goldman Sachs
Joe Ritchie
18%upside
$61
Neutral
Maintained
26 Mar 2024
Citigroup
Anthony Pettinari
22%upside
$63
Buy
Maintained
21 Mar 2024

Financial journalist opinion

Based on 9 articles about CNM published over the past 30 days