Core & MainCNM
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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
52% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 56
46% more call options, than puts
Call options by funds: $29.5M | Put options by funds: $20.2M
29% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 9 (+2) [Q4]
16% more capital invested
Capital invested by funds: $8.78B [Q3] → $10.2B (+$1.39B) [Q4]
7% more funds holding
Funds holding: 381 [Q3] → 406 (+25) [Q4]
2.36% more ownership
Funds ownership: 102.73% [Q3] → 105.09% (+2.36%) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 131
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Deutsche Bank Collin Verron 33% 1-year accuracy 3 / 9 met price target | 14%upside $60 | Buy Initiated | 1 Apr 2025 |
RBC Capital Mike Dahl 51% 1-year accuracy 26 / 51 met price target | 14%upside $60 | Outperform Maintained | 26 Mar 2025 |
Baird David Manthey 31% 1-year accuracy 12 / 39 met price target | 23%upside $65 | Outperform Maintained | 26 Mar 2025 |
Wells Fargo Sam Reid 39% 1-year accuracy 15 / 38 met price target | 23%upside $65 | Overweight Maintained | 4 Feb 2025 |
Financial journalist opinion
Based on 5 articles about CNM published over the past 30 days
