Core & Main (CNM) Stock Price, News & Analysis

Company Overview

Core & Main, Inc. (NYSE: CNM) is a leading distributor of water, wastewater and storm drainage products, as well as fire protection and infrastructure supplies. The company offers an extensive range of durable goods, including pipes, valves, fittings, meters, fire hydrants, and related accessories, sourced from premier manufacturers. Serving municipalities, contractors, and industrial end-users, Core & Main provides tailored solutions for the construction, upkeep, and expansion of critical water and fire suppression networks.

Through a nationwide network of branch locations, Core & Main supports a broad geographic footprint across the United States and Canada. Its logistical capabilities encompass regional distribution centers, localized stocking programs, and dedicated inside sales teams, enabling timely delivery and project support. The company also invests in digital platforms and supply chain technologies to streamline ordering processes, track inventory in real time, and enhance customer service levels across diverse end markets.

Founded in 2017 as an independent entity following the spin-off from HD Supply Waterworks, Core & Main has grown both organically and through targeted acquisitions. Strategic acquisitions have expanded its product portfolio and geographic reach, while investments in employee training and safety programs have underpinned consistent operational performance. The company’s ability to integrate new businesses and leverage scale economies has strengthened its position in a fragmented distribution landscape.

Core & Main’s executive leadership team brings decades of combined experience in industrial distribution, supply chain management, and customer service. Guided by a disciplined growth strategy, the leadership emphasizes long-term partnerships with both suppliers and end-users, fostering innovation in product offerings and service delivery. With a focus on community engagement, environmental stewardship, and operational excellence, Core & Main continues to support the modernization of water and fire protection infrastructure across North America.

Key Stats

• Today's Range: $61.84 to $62.47
• 50-Day Range: $50.48 to $62.33
• 52-Week Range: $37.22 to $62.47
• Volume: 1.04 million shs
• Average Volume: 2.28 million shs
• Market Capitalization: $12.29 billion
• P/E Ratio: 28.99
• Dividend Yield: N/A
• Price Target: $59.55
• Consensus Rating: Moderate Buy

Core & Main Stock Analysis - MarketRank™

Core & Main scored higher than 57% of companies evaluated by MarketBeat, and ranked 352nd out of 543 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Core & Main has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on 7 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Core & Main has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 11.11%

Earnings Growth

Earnings for Core & Main are expected to grow by 11.11% in the coming year, from $2.16 to $2.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Core & Main is 28.99, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.58.

Price to Earnings Ratio vs. Sector

The P/E ratio of Core & Main is 28.99, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 24.97.

Price to Earnings Growth Ratio

Core & Main has a PEG Ratio of 1.83. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Core & Main has a P/B Ratio of 6.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.32% of the float of Core & Main has been sold short.

Short Interest Ratio / Days to Cover

Core & Main has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Core & Main has recently decreased by 6.54%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Core & Main does not currently pay a dividend.

Dividend Growth

Core & Main does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.32% of the float of Core & Main has been sold short.

Short Interest Ratio / Days to Cover

Core & Main has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Core & Main has recently decreased by 6.54%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.36

News Sentiment

Core & Main has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Core & Main this week, compared to 9 articles on an average week.

Search Interest

5 people have searched for CNM on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

1 people have added Core & Main to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Core & Main insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,164,310.00 in company stock.

Percentage Held by Insiders

Only 3.53% of the stock of Core & Main is held by insiders.

Percentage Held by Institutions

94.19% of the stock of Core & Main is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNM Stock Analysis - Frequently Asked Questions

How have CNM shares performed this year?

Core & Main's stock was trading at $50.91 on January 1st, 2025. Since then, CNM stock has increased by 22.4% and is now trading at $62.33.

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) issued its quarterly earnings results on Tuesday, June, 10th. The company reported $0.52 earnings per share for the quarter, hitting analysts' consensus estimates of $0.52. The business's revenue for the quarter was up 9.8% compared to the same quarter last year.
Read the conference call transcript.

Is Core & Main buying back stock?

Core & Main's board approved a stock buyback plan on Wednesday, June 12th 2024, which authorizes the company to buy back $500,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

When did Core & Main IPO?

Core & Main (CNM) raised $750 million in an initial public offering (IPO) on Friday, July 23rd 2021. The company issued 34,883,721 shares at $20.00-$23.00 per share.

Who are Core & Main's major shareholders?

Core & Main's top institutional investors include Harbor Investment Advisory LLC. Insiders that own company stock include Stephen O Leclair, Mark R Witkowski, John R Schaller, Bradford A Cowles, Laura K Schneider, Margaret Newman, James G Castellano, Jeffrey D Giles, Mark G Whittenburg, Orvin T Kimbrough, Robyn L Bradbury, John Weldon Stephens and Cd&R Investment Associates X,.
View institutional ownership trends.

How do I buy shares of Core & Main?

Shares of CNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Core & Main own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Core & Main investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 6/10/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 9/03/2025
• Fiscal Year End: 1/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrials
• Industry: MACH TLS&RL PRD
• Sub-Industry: Wholesale
• Current Symbol: NYSE:CNM
• CIK: 1856525
• Web: www.coreandmain.com
• Phone: 314-432-4700
• Fax: N/A
• Employees: 5,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $59.55
• High Stock Price Target: $68.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: -4.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.55
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.15
• Trailing P/E Ratio: 28.99
• Forward P/E Ratio: 28.86
• P/E Growth: 1.83
• Net Income: $411 million
• Net Margins: 5.47%
• Pretax Margin: 7.67%
• Return on Equity: 23.55%
• Return on Assets: 6.80%

Debt

• Debt-to-Equity Ratio: 1.23
• Current Ratio: 1.96
• Quick Ratio: 1.10

Sales & Book Value

• Annual Sales: $7.61 billion
• Price / Sales: 1.61
• Cash Flow: $3.08 per share
• Price / Cash Flow: 20.21
• Book Value: $9.24 per share
• Price / Book: 6.75

Miscellaneous

• Outstanding Shares: 197,127,000
• Free Float: 190,168,000
• Market Cap: $12.29 billion
• Optionable: Optionable
• Beta: 1.04