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

Company Overview

Core & Main, Inc. (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers. The company’s extensive distribution network and in-house expertise enable it to offer project planning assistance, training programs and field services designed to streamline procurement and installation processes while maintaining regulatory compliance.

Core & Main traces its roots to 2003 through Hodell-Natco Waterworks, which became part of HD Supply in 2011. In May 2020, the company completed a spin-off transaction to establish itself as an independent, publicly traded entity headquartered in St. Louis, Missouri. Since then, Core & Main has pursued both organic growth and strategic acquisitions to broaden its geographic footprint and enhance its service capabilities.

Led by a management team with deep expertise in infrastructure distribution, Core & Main emphasizes operational excellence, customer-centric service and long-term value creation. By leveraging local market knowledge alongside national scale, the company aims to support the ongoing modernization and resiliency of critical water and wastewater systems across the communities it serves.

Key Stats

• Today's Range: $62.50 to $64.57
• 50-Day Range: $59.00 to $65.83
• 52-Week Range: $37.22 to $66.27
• Volume: 1.25 million shs
• Average Volume: 1.94 million shs
• Market Capitalization: $12.73 billion
• P/E Ratio: 30.02
• Dividend Yield: N/A
• Price Target: $60.00
• Consensus Rating: Hold

Core & Main Stock Analysis - MarketRank™

Core & Main scored higher than 46% of companies evaluated by MarketBeat, and ranked 141st out of 178 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: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Core & Main has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Core & Main has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 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 29.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 269.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Core & Main is 29.92, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 304.55.

Price to Earnings Growth Ratio

Core & Main has a PEG Ratio of 1.91. 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 7.17. 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

5.55% 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 5.1.

Change versus previous month

Short interest in Core & Main has recently decreased by 14.76%, 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

5.55% 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 5.1.

Change versus previous month

Short interest in Core & Main has recently decreased by 14.76%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.27

News Sentiment

Core & Main has a news sentiment score of 1.27. 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 0.86 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Core & Main this week, compared to 10 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 33% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Core & Main to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $31,915,085.00 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 at the start of the year. Since then, CNM stock has increased by 26.3% and is now trading at $64.3230.

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) posted its quarterly earnings data on Tuesday, June, 10th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. The business's revenue 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 initiated a share buyback plan on Wednesday, June 12th 2024, which allows 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 shares through open market purchases. Shares buyback plans are typically an indication that the company's board 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 $20.00-$23.00 per share.

Who are Core & Main's major shareholders?

Core & Main's top institutional shareholders include Vanguard Group Inc. (9.04%), Select Equity Group L.P. (5.82%), State Street Corp (2.92%) and Royal London Asset Management Ltd. (2.20%). Insiders that own company stock include Stephen O Leclair, Mark R Witkowski, John R Schaller, Bradford A Cowles, Orvin T Kimbrough, Laura K Schneider, Margaret Newman, Jeffrey D Giles, Mark G Whittenburg, Robyn L Bradbury, James G Castellano, 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: 9/02/2025
• Next Earnings (Estimated): 9/09/2025
• 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 Price Target for Core & Main: $60.00
• High Price Target: $70.00
• Low Price Target: $34.00
• Potential Upside/Downside: -7.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.45
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.15
• Trailing P/E Ratio: 30.09
• Forward P/E Ratio: 29.95
• P/E Growth: 1.91
• 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: $7.44 billion
• Price / Sales: 1.71
• Cash Flow: $3.06 per share
• Price / Cash Flow: 21.16
• Book Value: $8.97 per share
• Price / Book: 7.21

Miscellaneous

• Outstanding Shares: 197,130,000
• Free Float: 190,168,000
• Market Cap: $12.75 billion
• Optionable: Optionable
• Beta: 1.04