Free Trial
→ 625,000% Gain (From Crypto Swap Profits) (Ad) Free CNM Stock Alerts
NYSE:CNM

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

$42.71
+0.33 (+0.78%)
(As of 10/8/2024 ET)
Compare

About Core & Main Stock (NYSE:CNM)

Key Stats

Today's Range
$42.13
▼
$42.95
50-Day Range
$37.99
▼
$53.71
52-Week Range
$29.13
▼
$62.15
Volume
1.82 million shs
Average Volume
2.64 million shs
Market Capitalization
$8.60 billion
P/E Ratio
19.96
Dividend Yield
N/A
Price Target
$49.55
Consensus Rating
Moderate Buy

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.

Core & Main Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
76th Percentile Overall Score

CNM MarketRank™: 

Core & Main scored higher than 76% of companies evaluated by MarketBeat, and ranked 93rd out of 356 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Core & Main's stock forecast and price target.

  • Earnings Growth

    Earnings for Core & Main are expected to grow by 13.33% in the coming year, from $2.10 to $2.38 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Core & Main is 19.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Core & Main is 19.96, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 42.06.

  • Price to Earnings Growth Ratio

    Core & Main has a PEG Ratio of 2.87. 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 5.00. 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.

  • Percentage of Shares Shorted

    4.87% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

  • Change versus previous month

    Short interest in Core & Main has recently increased by 6.98%, indicating that investor sentiment is decreasing significantly.

  • Dividend Yield

    Core & Main does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    4.87% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

  • Change versus previous month

    Short interest in Core & Main has recently increased by 6.98%, indicating that investor sentiment is decreasing significantly.

  • News Sentiment

    Core & Main has a news sentiment score of 0.93. 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 0.54 average news sentiment score of Business Services companies.

  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Core & Main this week, compared to 7 articles on an average week.

  • MarketBeat Follows

    3 people have added Core & Main to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

  • 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 $662,752.00 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.
Receive CNM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Core & Main and its competitors with MarketBeat's FREE daily newsletter.

CNM Stock News Headlines

Implied Volatility Surging for Core & Main (CNM) Stock Options
October 4, 2024 | msn.com
Core & Main, Inc. (NYSE:CNM) Sees Large Growth in Short Interest
October 1, 2024 | americanbankingnews.com
Ex WH Advisor Who Predicted Biden Leaving Race Makes Startling New Prediction
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
October 8, 2024 | Paradigm Press (Ad)
We Like These Underlying Return On Capital Trends At Core & Main (NYSE:CNM)
September 26, 2024 | finance.yahoo.com
Wells Fargo Initiates Coverage of Core & Main (CNM) with Overweight Recommendation
September 24, 2024 | msn.com
Is Core & Main, Inc. (CNM) the Best Industrial Distribution Stock to Buy Now?
September 23, 2024 | finance.yahoo.com
Core & Main Completes Acquisition of Green Equipment Company
September 16, 2024 | finance.yahoo.com
Core & Main: 40% Selloff Since May, But I Am Not Buying Yet
September 10, 2024 | seekingalpha.com
See More Headlines

CNM Stock Analysis - Frequently Asked Questions

Core & Main's stock was trading at $40.41 at the start of the year. Since then, CNM stock has increased by 5.7% and is now trading at $42.71.
View the best growth stocks for 2024 here.

Core & Main, Inc. (NYSE:CNM) announced its quarterly earnings data on Wednesday, September, 4th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.13. The firm's quarterly revenue was up 5.5% on a year-over-year basis.

Core & Main's Board of Directors initiated a stock buyback plan on Wednesday, June 12th 2024, which authorizes the company to repurchase $500,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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.

Core & Main's top institutional investors include Handelsbanken Fonder AB (1.48%), Artemis Investment Management LLP (0.59%), FCF Advisors LLC (0.01%) and Trium Capital LLP. 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.

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.

Company Calendar

Last Earnings
9/04/2024
Today
10/08/2024
Next Earnings (Estimated)
12/03/2024
Fiscal Year End
1/31/2025
Get Stock Alerts

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
$49.55
High Stock Price Target
$64.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+16.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.14
Trailing P/E Ratio
19.96
Forward P/E Ratio
20.34
P/E Growth
2.87
Net Income
$371 million
Net Margins
5.58%
Pretax Margin
8.51%
Return on Equity
21.91%
Return on Assets
6.99%

Debt

Debt-to-Equity Ratio
1.40
Current Ratio
2.29
Quick Ratio
1.34

Sales & Book Value

Annual Sales
$6.97 billion
Price / Sales
1.23
Cash Flow
$2.52 per share
Price / Cash Flow
16.94
Book Value
$8.55 per share
Price / Book
5.00

Miscellaneous

Outstanding Shares
201,459,000
Free Float
194,428,000
Market Cap
$8.60 billion
Optionable
Optionable
Beta
1.02
Ten Starter Stocks For Beginners to Buy Now Cover
Ten Starter Stocks For Beginners to Buy Now

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

This page (NYSE:CNM) was last updated on 10/8/2024 by MarketBeat.com Staff
From Our Partners
Elon Musk’s chilling warning for humanity
The 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...
The Freeport Society | Sponsored
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment fo...
Angel Publishing | Sponsored
Write this ticker symbol down…
A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...
StocksToTrade | Sponsored
War on Elon Escalates…
Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adopti...
Porter & Company | Sponsored
These 5 stocks could soar after November 4th
How to Trade this Crazy Election Year? Simple – Just Focus on These 5 stocks… Now available – a free report...
StockEarnings | Sponsored
Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...
Timothy Sykes | Sponsored
⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
Behind the Markets | Sponsored
[Urgent] Starlink Set For The Largest IPO In History?
He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it a...
Paradigm Press | Sponsored