Core & Main (CNM) Rises Amid Market Decline: Key Insights You Should Be Aware Of
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
0mins
Should l Buy CNM?
Source: NASDAQ.COM
Core & Main Stock Performance: Core & Main (CNM) closed at $64.83, up 1.11%, outperforming the S&P 500's slight loss and showing a monthly gain of 3.42% compared to the Industrial Products sector.
Upcoming Earnings Report: Investors are keenly awaiting Core & Main's earnings report, with projections of $0.78 per share, reflecting a 27.87% year-over-year growth, and anticipated revenue of $2.11 billion, a 7.54% increase from last year.
Analyst Estimates and Zacks Rank: Recent changes in analyst estimates suggest a favorable outlook for Core & Main, which currently holds a Zacks Rank of #3 (Hold), indicating stable EPS projections over the past month.
Valuation Metrics: Core & Main has a Forward P/E ratio of 26.12, higher than the industry average of 20.26, and a PEG ratio of 1.89, slightly above the industry average of 1.73, suggesting a premium valuation amidst a challenging industry ranking.
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Analyst Views on CNM
Wall Street analysts forecast CNM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNM is 58.88 USD with a low forecast of 40.00 USD and a high forecast of 65.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
2 Hold
1 Sell
Moderate Buy
Current: 55.850
Low
40.00
Averages
58.88
High
65.00
Current: 55.850
Low
40.00
Averages
58.88
High
65.00
About CNM
Core & Main, Inc. specializes in advancing reliable infrastructure with local service, nationwide. The Company, as a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. With more than 370 locations across the United States, the Company provides its customers local expertise backed by a national supply chain. The Company also has operations in Canada. The Company’s products include pipes, valves, fittings, storm drainage products, fire protection products, meter products and other products. The Company complements its core products through additional offerings, including fusible high-density polyethylene (fusible HDPE) piping solutions, specifically engineered treatment plant products, geosynthetics and erosion control products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
QXO Inc Raises $3 Billion, Plans Major Acquisition Over $5 Billion
- Accelerated Acquisition Plans: Following a successful $3 billion capital raise, QXO Inc is in late-stage talks with seven potential acquisition targets, with annual revenues ranging from $1 billion to over $5 billion, indicating a strong intent to expand its business.
- Flexible Fund Utilization: This financing boosts QXO's available capital to approximately $10 billion, with analysts noting that this will enable the company to pursue larger transactions, thereby achieving a more competitive valuation in the market.
- Clear Acquisition Timeline: QXO is required to complete at least one acquisition by July 15, 2026, although the company is already prepared for a second and possibly third acquisition, reflecting its aggressive acquisition strategy.
- Optimistic Market Response: Analysts are bullish on QXO's acquisition prospects, viewing the M&A pipeline as a primary driver for stock performance, and expect effective capital deployment to further lower the company's valuation while offsetting dilution from transactions.
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Core & Main Acquires Pioneer Supply to Expand Texas Market Presence
- Market Expansion Opportunity: Core & Main has entered into a definitive agreement to acquire Pioneer Supply, which operates multiple distribution points in Texas and Oklahoma, significantly enhancing its market share in these states and expected to drive future growth.
- Brand Synergy: With a strong reputation for quality service established since 1963, Pioneer Supply's integration with Core & Main aligns perfectly with the company's mission, enhancing customer value and competitive positioning in the market.
- Diverse Customer Base: Pioneer Supply serves municipal, residential, and non-residential markets, and the acquisition will enable Core & Main to better meet diverse customer needs, thereby expanding its product and service offerings.
- Strategic Integration Plan: This acquisition not only represents a direct expansion of Core & Main's business but will also enhance overall operational efficiency through resource integration and supply chain optimization, further solidifying its leadership position in the infrastructure sector.
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Tribune Investment Group Acquires 335,000 Shares of Core & Main Valued at $18.03 Million
- New Position Established: Tribune Investment Group initiated a new holding in Core & Main during Q3, acquiring 335,000 shares valued at approximately $18.03 million, indicating confidence in the company's prospects.
- Asset Allocation Optimization: This acquisition accounts for 8.74% of Tribune's 13F reportable assets, reflecting Core & Main's significance in the infrastructure sector.
- Strong Financial Performance: Core & Main reported a 1.2% year-over-year sales increase to $2.06 billion in Q3, with net income reaching $143 million, demonstrating resilience amid market volatility.
- Enhanced Buyback Program: The company repurchased $50 million in stock and increased its buyback authorization by $500 million after the quarter-end, signaling confidence in future growth and proactive capital management.
See More
Tribune Investment Group Acquires 335,000 Shares of Core & Main Worth $18.03 Million
- Position Increase: Tribune Investment Group acquired 335,000 shares of Core & Main in Q3, valued at approximately $18.03 million, making it the fund's largest holding, reflecting confidence in the infrastructure market.
- Asset Allocation: This new position accounts for 8.74% of Tribune's 13F reportable assets, indicating a strategic focus on the water and fire protection infrastructure market to enhance portfolio stability through diversification.
- Financial Performance: Core & Main reported a 1.2% year-over-year sales increase to $2.06 billion in Q3, with gross margin expanding to 27.2% and net income reaching $143 million, demonstrating resilience and consistent cash flow generation amid economic fluctuations.
- Buyback Plan: The company repurchased $50 million of stock at quarter-end and increased its buyback authorization by another $500 million, signaling a commitment to shareholder returns while reflecting confidence in future growth.
See More
NIA Impact Advisors Invests $4 Million in Core & Main Amid Market Dip
NIA's New Investment: NIA Impact Advisors has acquired 66,437 shares of Core & Main, valued at approximately $3.58 million, representing 1.2% of its reportable assets under management as of September 30, 2025.
Core & Main Overview: Core & Main is a leading distributor of water and fire protection infrastructure products in the U.S., with over $7.7 billion in revenue, and is strategically positioned in essential utility markets.
Market Performance: Despite Core & Main's stock underperforming the S&P 500 by 10 percentage points over the past year, the company has shown strong returns since going public in 2021, driven by its acquisition strategy.
Analyst Perspective: The purchase by NIA is viewed positively, as Core & Main's consistent return on invested capital above 10% and its focus on clean water and infrastructure present long-term growth opportunities.
See More
CNM Surpasses Important Moving Average Threshold
- 52 Week Range: CNM's stock has a 52-week low of $43.175 and a high of $67.18, with the last trade recorded at $55.20.
- Market Analysis: The article suggests checking other stocks that have recently crossed above their 200-day moving average.
- Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
- Stock Performance Insight: The information highlights the current performance and volatility of CNM's stock within the specified time frame.
See More
QXO Inc Raises $3 Billion, Plans Major Acquisition Over $5 Billion
- Accelerated Acquisition Plans: Following a successful $3 billion capital raise, QXO Inc is in late-stage talks with seven potential acquisition targets, with annual revenues ranging from $1 billion to over $5 billion, indicating a strong intent to expand its business.
- Flexible Fund Utilization: This financing boosts QXO's available capital to approximately $10 billion, with analysts noting that this will enable the company to pursue larger transactions, thereby achieving a more competitive valuation in the market.
- Clear Acquisition Timeline: QXO is required to complete at least one acquisition by July 15, 2026, although the company is already prepared for a second and possibly third acquisition, reflecting its aggressive acquisition strategy.
- Optimistic Market Response: Analysts are bullish on QXO's acquisition prospects, viewing the M&A pipeline as a primary driver for stock performance, and expect effective capital deployment to further lower the company's valuation while offsetting dilution from transactions.
See More
Core & Main Acquires Pioneer Supply to Expand Texas Market Presence
- Market Expansion Opportunity: Core & Main has entered into a definitive agreement to acquire Pioneer Supply, which operates multiple distribution points in Texas and Oklahoma, significantly enhancing its market share in these states and expected to drive future growth.
- Brand Synergy: With a strong reputation for quality service established since 1963, Pioneer Supply's integration with Core & Main aligns perfectly with the company's mission, enhancing customer value and competitive positioning in the market.
- Diverse Customer Base: Pioneer Supply serves municipal, residential, and non-residential markets, and the acquisition will enable Core & Main to better meet diverse customer needs, thereby expanding its product and service offerings.
- Strategic Integration Plan: This acquisition not only represents a direct expansion of Core & Main's business but will also enhance overall operational efficiency through resource integration and supply chain optimization, further solidifying its leadership position in the infrastructure sector.
See More
Tribune Investment Group Acquires 335,000 Shares of Core & Main Valued at $18.03 Million
- New Position Established: Tribune Investment Group initiated a new holding in Core & Main during Q3, acquiring 335,000 shares valued at approximately $18.03 million, indicating confidence in the company's prospects.
- Asset Allocation Optimization: This acquisition accounts for 8.74% of Tribune's 13F reportable assets, reflecting Core & Main's significance in the infrastructure sector.
- Strong Financial Performance: Core & Main reported a 1.2% year-over-year sales increase to $2.06 billion in Q3, with net income reaching $143 million, demonstrating resilience amid market volatility.
- Enhanced Buyback Program: The company repurchased $50 million in stock and increased its buyback authorization by $500 million after the quarter-end, signaling confidence in future growth and proactive capital management.
See More
Tribune Investment Group Acquires 335,000 Shares of Core & Main Worth $18.03 Million
- Position Increase: Tribune Investment Group acquired 335,000 shares of Core & Main in Q3, valued at approximately $18.03 million, making it the fund's largest holding, reflecting confidence in the infrastructure market.
- Asset Allocation: This new position accounts for 8.74% of Tribune's 13F reportable assets, indicating a strategic focus on the water and fire protection infrastructure market to enhance portfolio stability through diversification.
- Financial Performance: Core & Main reported a 1.2% year-over-year sales increase to $2.06 billion in Q3, with gross margin expanding to 27.2% and net income reaching $143 million, demonstrating resilience and consistent cash flow generation amid economic fluctuations.
- Buyback Plan: The company repurchased $50 million of stock at quarter-end and increased its buyback authorization by another $500 million, signaling a commitment to shareholder returns while reflecting confidence in future growth.
See More
NIA Impact Advisors Invests $4 Million in Core & Main Amid Market Dip
NIA's New Investment: NIA Impact Advisors has acquired 66,437 shares of Core & Main, valued at approximately $3.58 million, representing 1.2% of its reportable assets under management as of September 30, 2025.
Core & Main Overview: Core & Main is a leading distributor of water and fire protection infrastructure products in the U.S., with over $7.7 billion in revenue, and is strategically positioned in essential utility markets.
Market Performance: Despite Core & Main's stock underperforming the S&P 500 by 10 percentage points over the past year, the company has shown strong returns since going public in 2021, driven by its acquisition strategy.
Analyst Perspective: The purchase by NIA is viewed positively, as Core & Main's consistent return on invested capital above 10% and its focus on clean water and infrastructure present long-term growth opportunities.
See More
CNM Surpasses Important Moving Average Threshold
- 52 Week Range: CNM's stock has a 52-week low of $43.175 and a high of $67.18, with the last trade recorded at $55.20.
- Market Analysis: The article suggests checking other stocks that have recently crossed above their 200-day moving average.
- Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
- Stock Performance Insight: The information highlights the current performance and volatility of CNM's stock within the specified time frame.
See More
