Core & Main
CNM
Market cap $8.71B

45.21 USD

-0.07

0.15%

At close Oct 15, 4:00 PM EDT

After hours

45.21

+0.00

0.00%

1 day

-0.15%

5 days

5.53%

1 month

9.52%

3 months

-12.28%

6 months

-18.04%

Year to date

14.14%

1 year

40.14%

5 years

90.76%

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 6,740 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

8% more repeat investments, than reductions

Existing positions increased: 159 | Existing positions reduced: 147

2% more call options, than puts

Call options by funds: $56.7M | Put options by funds: $55.4M

1.31% less ownership

Funds ownership: 104.48% [Q1] → 103.17% (-1.31%) [Q2]

2% less funds holding

Funds holding: 422 [Q1] → 412 (-10) [Q2]

14% less first-time investments, than exits

New positions opened: 63 | Existing positions closed: 73

15% less capital invested

Capital invested by funds: $11.5B [Q1] → $9.74B (-$1.75B) [Q2]

20% less funds holding in top 10

Funds holding in top 10: 15 [Q1] → 12 (-3) [Q2]

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$34

25%

downside

Avg. target

$49

7%

upside

High target

$57

26%

upside

10 analyst ratings

7 positive

70%

2 neutral

20%

1 negative

10%

Wells Fargo Sam Reid 76% 1-year accuracy 16 / 21 met price target	15%upside $52	Overweight Initiated	23 Sept 2024
JP Morgan Stephen Tusa 67% 1-year accuracy 14 / 21 met price target	3%downside $44	Overweight Maintained	6 Sept 2024
Goldman Sachs Joe Ritchie 77% 1-year accuracy 17 / 22 met price target	11%upside $50	Neutral Maintained	6 Sept 2024
Loop Capital Jeffrey Stevenson 50% 1-year accuracy 3 / 6 met price target	15%upside $52	Buy Maintained	5 Sept 2024
RBC Capital Mike Dahl 54% 1-year accuracy 19 / 35 met price target	17%upside $53	Outperform Maintained	5 Sept 2024

See Analyst Rankings

Financial journalist opinion

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

Zacks Investment Research

Why Core & Main (CNM) Outpaced the Stock Market Today

Core & Main (CNM) concluded the recent trading session at $43.45, signifying a +1.73% move from its prior day's close.

Why Core & Main (CNM) Outpaced the Stock Market Today

Core & Main Signs Agreement to Acquire ARGCO Northeast LLC

ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into an agreement to acquire substantially all the assets of ARGCO Northeast LLC, a distributor of fire protection products.

Core & Main Signs Agreement to Acquire ARGCO Northeast LLC

Core & Main Signs Agreement to Acquire Eastcom Associates Inc.

ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into a definitive agreement to acquire Eastcom Associates Inc., a distributor of underground utility protection equipment.

Core & Main Signs Agreement to Acquire Eastcom Associates Inc.

Core & Main Completes Acquisition of Green Equipment Company

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of substantially all of the assets of Green Equipment Company.

Core & Main Completes Acquisition of Green Equipment Company

Top 3 Industrials Stocks That May Rocket Higher In Q3

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrials Stocks That May Rocket Higher In Q3

Core & Main: 40% Selloff Since May, But I Am Not Buying Yet

Core & Main faces significant headwinds, including weather disruptions, lower steel pipe prices, and a slowdown in commercial projects, impacting their recent performance. Despite a solid share buyback program and manageable debt levels, the lack of insider buying activity raises concerns about a potential decline in the share price in the near future. Acquisition-driven growth contributed 9% to sales increases, but without acquisitions, sales would have dropped 3.5%. I'm concerned about their reliance on acquisitions for growth.

Core & Main: 40% Selloff Since May, But I Am Not Buying Yet

Core & Main Completes Acquisition of GroGreen Solutions Georgia LLC

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of substantially all of the assets of GroGreen Solutions Georgia, LLC.

Core & Main Completes Acquisition of GroGreen Solutions Georgia LLC

The Motley Fool

Why Investors Bailed on Core & Main Stock This Week

The veteran industrial components supplier's second quarter fell short of expectations. It missed on both the top and bottom lines for the period.

Why Investors Bailed on Core & Main Stock This Week

Zacks Investment Research

Core & Main (CNM) Is Considered a Good Investment by Brokers: Is That True?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Core & Main (CNM) Is Considered a Good Investment by Brokers: Is That True?

Zacks Investment Research

New Strong Sell Stocks for September 5th

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

New Strong Sell Stocks for September 5th

See News Rankings

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