How have CNM shares performed this year?

Core & Main's stock was trading at $40.41 at the beginning of 2024. Since then, CNM shares have increased by 32.5% and is now trading at $53.53. View the best growth stocks for 2024 here .

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) posted its quarterly earnings data on Tuesday, June, 4th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.51 by $0.02. The company's revenue was up 10.6% on a year-over-year basis.

When did Core & Main IPO?

Core & Main (CNM) raised $750 million in an 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 Artemis Investment Management LLP (1.30%), Swedbank AB (0.82%), Bank of New York Mellon Corp (0.71%) and Vaughan Nelson Investment Management L.P. (0.57%). Insiders that own company stock include Stephen O Leclair , Mark R Witkowski , John R Schaller , Bradford A Cowles , Mark G Whittenburg , James G Castellano , Laura K Schneider , Orvin T Kimbrough , Jeffrey D Giles , 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. Compare Top Brokerages Here .

NYSE:CNM

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

$53.53

+2.81 (+5.54%)

(As of 07/26/2024 ET)

Compare

Today's Range: $51.54
▼
$53.63
50-Day Range: $47.20
▼
$60.82
52-Week Range: $27.75
▼
$62.15

Volume: 1.58 million shs
Average Volume: 2.51 million shs
Market Capitalization: $10.78 billion

P/E Ratio: 25.01
Dividend Yield: N/A
Price Target: $52.90

Get Core & Main alerts:

Core & Main MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 1.2% Downside
$52.90 Price Target
Short Interest: Healthy
3.92% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.19
Based on 11 Articles This Week
Insider Trading: Selling Shares
$3.64 M Sold Last Quarter
Proj. Earnings Growth: 11.64%
From $2.32 to $2.59 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.17 out of 5 stars

Business Services Sector

180th out of 317 stocks

Durable Goods, Not Elsewhere Classified Industry

1st out of 2 stocks

1.3

Analyst's Opinion

Consensus Rating
Core & Main has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Core & Main has only been the subject of 2 research reports in the past 90 days.
Read more about Core & Main's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
3.92% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Core & Main has recently decreased by 5.63%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Core & Main does not currently pay a dividend.
Dividend Growth
Core & Main does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNM.

2.9

News and Social Media Coverage

News Sentiment
Core & Main has a news sentiment score of 1.19. 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 0.57 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Core & Main this week, compared to 6 articles on an average week.
Search Interest
Only 1 people have searched for CNM on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Core & Main to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

2.5

Company Ownership

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 $3,637,752.00 in company stock.
Percentage Held by Insiders
Only 3.49% 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.
Read more about Core & Main's insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Core & Main are expected to grow by 11.64% in the coming year, from $2.32 to $2.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Core & Main is 25.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Core & Main is 25.01, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 21.53.
Price to Earnings Growth Ratio
Core & Main has a PEG Ratio of 1.92. 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 7.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Core & Main's valuation and earnings.

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About Core & Main Stock (NYSE:CNM)

Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.

CNM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNM Stock News Headlines

July 18, 2024 | insidertrades.com

Core & Main, Inc. (NYSE:CNM) Director James G. Castellano Sells 12,500 Shares

July 13, 2024 | insidertrades.com

Core & Main, Inc. (NYSE:CNM) Director Sells $10,002.00 in Stock

July 26, 2024 | DTI (Ad)

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July 26 at 6:43 AM | theglobeandmail.com

Reflecting On Infrastructure Distributors Stocks’ Q1 Earnings: Core & Main (NYSE:CNM)

July 25 at 8:40 PM | msn.com

Core & Main (CNM) Stock Moves -0.12%: What You Should Know

July 23 at 12:40 AM | barrons.com

Core & Main Inc.

July 22, 2024 | bizjournals.com

2024 CNM Workforce Event

July 19, 2024 | americanbankingnews.com

James G. Castellano Sells 12,500 Shares of Core & Main, Inc. (NYSE:CNM) Stock

July 26, 2024 | American Hartford Gold Group (Ad)

Prepare for a Recession Unlike Any Other

June 12, 2024 | businesswire.com

Core & Main Announces $500 Million Share Repurchase Authorization

June 6, 2024 | seekingalpha.com

Core & Main: Post-Earnings Correction Is A Buying Opportunity

June 5, 2024 | seekingalpha.com

Core & Main Plunges Despite A Generally Rosy Picture

June 4, 2024 | seekingalpha.com

Core & Main: A Core Business, Still Commands A Premium Valuation

June 4, 2024 | fool.com

Why Core & Main Sank Today

June 4, 2024 | investorplace.com

CNM Stock Earnings: Core & Main Misses EPS, Beats Revenue for Q1 2024

June 4, 2024 | seekingalpha.com

Core & Main, Inc. 2024 Q1 - Results - Earnings Call Presentation

June 4, 2024 | businesswire.com

Core & Main Announces Fiscal 2024 First Quarter Results

May 28, 2024 | markets.businessinsider.com

How to Play Core & Main Ahead of Its Q1 Earnings?

See More Headlines

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Company Calendar

Last Earnings: 6/04/2024
Today: 7/26/2024
Next Earnings (Estimated): 9/04/2024
Fiscal Year End: 1/31/2025

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Durable goods, not elsewhere classified
Sub-Industry: Wholesale
Current Symbol: NYSE:CNM
CUSIP: N/A
CIK: 1856525
Web: www.coreandmain.com
Phone: 314-432-4700
Fax: N/A
Employees: 5,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $52.90
High Stock Price Target: $65.00
Low Stock Price Target: $33.00
Potential Upside/Downside: -1.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.14
Trailing P/E Ratio: 25.01
Forward P/E Ratio: 23.07
P/E Growth: 1.92
Net Income: $371 million
Net Margins: 5.53%
Pretax Margin: 9.16%
Return on Equity: 20.01%
Return on Assets: 7.16%

Debt

Debt-to-Equity Ratio: 1.46
Current Ratio: 2.14
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $6.87 billion
Price / Sales: 1.57
Cash Flow: $2.75 per share
Price / Cash Flow: 19.47
Book Value: $7.57 per share
Price / Book: 7.07

Miscellaneous

Outstanding Shares: 201,459,000
Free Float: 194,428,000
Market Cap: $10.78 billion
Optionable: Optionable
Beta: 1.06

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Key Executives

Mr. Stephen O. LeClair (Age 55)
CEO & Chairman
Comp: $2.59M
Mr. John R. Schaller (Age 68)
President
Comp: $1.04M
Mr. Bradford A. Cowles (Age 53)
President
Comp: $925.99k
Mr. Mark R. Witkowski (Age 48)
Chief Financial Officer
Comp: $1.27M
Mr. Mark G. Whittenburg (Age 56)
General Counsel & Secretary
Comp: $1.1M
Ms. Carrie Busbee
Chief Information Officer
Ms. Robyn Bradbury
Vice President of Finance & Investor Relations
Jennifer Noonan
Director of Marketing & Communications
Mr. Jeffrey D. Giles
Executive VP of Corporate Development
Ms. Yvonne Bland
Vice President of Sales & Business Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNM Stock Analysis - Frequently Asked Questions

How have CNM shares performed this year?: Core & Main's stock was trading at $40.41 at the beginning of 2024. Since then, CNM shares have increased by 32.5% and is now trading at $53.53.
View the best growth stocks for 2024 here.
How were Core & Main's earnings last quarter?: Core & Main, Inc. (NYSE:CNM) posted its quarterly earnings data on Tuesday, June, 4th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.51 by $0.02. The company's revenue was up 10.6% on a year-over-year basis.
When did Core & Main IPO?: Core & Main (CNM) raised $750 million in an 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 Artemis Investment Management LLP (1.30%), Swedbank AB (0.82%), Bank of New York Mellon Corp (0.71%) and Vaughan Nelson Investment Management L.P. (0.57%). Insiders that own company stock include Stephen O Leclair, Mark R Witkowski, John R Schaller, Bradford A Cowles, Mark G Whittenburg, James G Castellano, Laura K Schneider, Orvin T Kimbrough, Jeffrey D Giles, 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.
Compare Top Brokerages Here.