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

Company Overview

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.

Key Stats

• Today's Range: $49.02 to $50.97
• 50-Day Range: $41.90 to $55.78
• 52-Week Range: $37.22 to $62.15
• Volume: 10.20 million shs
• Average Volume: 2.61 million shs
• Market Capitalization: $10.04 billion
• P/E Ratio: 23.73
• Dividend Yield: N/A
• Price Target: $58.10
• Consensus Rating: Moderate Buy

Core & Main Stock Analysis - MarketRank™

Core & Main scored higher than 65% of companies evaluated by MarketBeat, and ranked 94th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Core & Main has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Core & Main has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 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 23.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Core & Main is 23.73, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Earnings Growth Ratio

Core & Main has a PEG Ratio of 2.95. 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 5.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.50% 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 4.7.

Change versus previous month

Short interest in Core & Main has recently decreased by 1.44%, indicating that investor sentiment is improving.

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

6.50% 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 4.7.

Change versus previous month

Short interest in Core & Main has recently decreased by 1.44%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.65

News Sentiment

Core & Main has a news sentiment score of 1.65. 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 0.74 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Core & Main this week, compared to 8 articles on an average week.

Search Interest

4 people have searched for CNM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 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 $15,926,000.00 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.

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 the year. Since then, CNM shares have increased by 25.1% and is now trading at $50.54.
View the best growth stocks for 2024 here.

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) issued its quarterly earnings data on Tuesday, December, 3rd. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. The company's revenue was up 11.5% on a year-over-year basis.

Is Core & Main buying back stock?

Core & Main's Board of Directors authorized a share buyback program on Wednesday, June 12th 2024, which allows the company to repurchase $500,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are 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 a price of $20.00-$23.00 per share.

Who are Core & Main's major shareholders?

Top institutional shareholders of Core & Main include FMR LLC (4.32%), State Street Corp (2.75%), Janus Henderson Group PLC (2.49%) and Pacer Advisors Inc. (2.11%). Insiders that own company stock include Stephen O Leclair, Mark R Witkowski, Bradford A Cowles, John R Schaller, Mark G Whittenburg, James G Castellano, Margaret Newman, Jeffrey D Giles, Laura K Schneider, Orvin T Kimbrough, 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.

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: 12/03/2024
• Today: 12/20/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• 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: $58.10
• High Stock Price Target: $66.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: +15.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.13
• Trailing P/E Ratio: 23.73
• Forward P/E Ratio: 23.40
• P/E Growth: 2.95
• Net Income: $371 million
• Net Margins: 5.71%
• Pretax Margin: 8.12%
• Return on Equity: 24.71%
• Return on Assets: 7.00%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 2.14
• Quick Ratio: 1.28

Sales & Book Value

• Annual Sales: $7.18 billion
• Price / Sales: 1.40
• Cash Flow: $2.47 per share
• Price / Cash Flow: 20.45
• Book Value: $8.70 per share
• Price / Book: 5.81

Miscellaneous

• Outstanding Shares: 198,673,000
• Free Float: 194,112,000
• Market Cap: $10.04 billion
• Optionable: Optionable
• Beta: 1.04