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 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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 151
2.4% less ownership
Funds ownership: 106.61% [Q2] → 104.21% (-2.4%) [Q3]
8% less funds holding
Funds holding: 413 [Q2] → 380 (-33) [Q3]
11% less capital invested
Capital invested by funds: $10.1B [Q2] → $8.91B (-$1.15B) [Q3]
21% less call options, than puts
Call options by funds: $19.4M | Put options by funds: $24.5M
34% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 82
42% less funds holding in top 10
Funds holding in top 10: 12 [Q2] → 7 (-5) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Wells Fargo Sam Reid 28% 1-year accuracy 8 / 29 met price target | 20%upside $65 | Overweight Maintained | 4 Feb 2025 |
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target | 3%upside $56 | Neutral Maintained | 6 Jan 2025 |
Goldman Sachs Joe Ritchie 52% 1-year accuracy 15 / 29 met price target | 5%upside $57 | Neutral Maintained | 5 Dec 2024 |
RBC Capital Mike Dahl 54% 1-year accuracy 28 / 52 met price target | 14%upside $62 | Outperform Reiterated | 4 Dec 2024 |
Truist Securities Keith Hughes 49% 1-year accuracy 25 / 51 met price target | 3%upside $56 | Hold Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 4 articles about CNM published over the past 30 days









