Core & MainCNM
Market Cap: $7.33B
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 Q2 SEC filings by fund managers ($100M+ AUM)
8% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 147
2% more call options, than puts
Call options by funds: $56.7M | Put options by funds: $55.4M
1.32% less ownership
Funds ownership: 104.48% [Q1] → 103.16% (-1.32%) [Q2]
3% less funds holding
Funds holding: 422 [Q1] → 410 (-12) [Q2]
15% less capital invested
Capital invested by funds: $11.5B [Q1] → $9.74B (-$1.75B) [Q2]
16% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 74
20% less funds holding in top 10
Funds holding in top 10: 15 [Q1] → 12 (-3) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
JP Morgan Stephen Tusa 52% 1-year accuracy 13 / 25 met price target | 16%upside $44 | Overweight Maintained | 6 Sept 2024 |
Goldman Sachs Joe Ritchie 68% 1-year accuracy 15 / 22 met price target | 31%upside $50 | Neutral Maintained | 6 Sept 2024 |
Loop Capital Jeffrey Stevenson 33% 1-year accuracy 3 / 9 met price target | 37%upside $52 | Buy Maintained | 5 Sept 2024 |
RBC Capital Mike Dahl 56% 1-year accuracy 28 / 50 met price target | 39%upside $53 | Outperform Maintained | 5 Sept 2024 |
B of A Securities Andrew Obin 41% 1-year accuracy 7 / 17 met price target | 11%downside $34 | Underperform Maintained | 5 Sept 2024 |
Financial journalist opinion
Based on 19 articles about CNM published over the past 30 days