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 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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
269% more call options, than puts
Call options by funds: $62.5M | Put options by funds: $17M
79% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 42
24% more capital invested
Capital invested by funds: $9.94B [Q1] → $12.4B (+$2.43B) [Q2]
5% more funds holding
Funds holding: 411 [Q1] → 433 (+22) [Q2]
0.01% less ownership
Funds ownership: 108.27% [Q1] → 108.26% (-0.01%) [Q2]
14% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 12 (-2) [Q2]
18% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 166
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Loop Capital Jeffrey Stevenson | 6%upside $68 | Hold Downgraded | 28 Jul 2025 |
Wells Fargo Sam Reid | 9%upside $70 | Overweight Maintained | 8 Jul 2025 |
Citigroup Anthony Pettinari | 4%downside $62 | Neutral Maintained | 12 Jun 2025 |
RBC Capital Mike Dahl | 4%upside $67 | Outperform Maintained | 11 Jun 2025 |
JP Morgan Stephen Tusa | 13%downside $56 | Overweight Maintained | 27 May 2025 |
Financial journalist opinion
Based on 5 articles about CNM published over the past 30 days
