Core & Main, Inc. is a leading specialized distributor of water, wastewater, storm drainage, and fire protection products and related services in the United States. The company, formerly known as HD Supply Waterworks, is headquartered in St. Louis, Missouri, and has over 240 branches nationwide. Core & Main holds an inventory turnover of more than two million products end-to-end throughout the waterworks supply chain.
With over 3,000 associates contributing to its distinctive success, Core & Main maintains its commitment to enhance the health and wellbeing of the communities it serves. The company's services extend to both private and public sectors, providing services for large-scale water and wastewater transmission projects, as well as local neighborhood projects aimed at improving the community's water infrastructure.
Core & Main play a vital role in building and maintaining the infrastructure of water systems, ensuring that the public has safe access to clean water. Its products and services span across numerous areas, including pipes and fittings, valves, hydrants, metering technology, and equipment rental, among others.
The company’s customer-focused approach means it has developed and maintained partnerships with a vast number of municipalities, utility contractors, and private developers. Its strong relationships with manufacturing partners enable it to provide turnkey solutions to its customers, starting from initial design stages to product delivery and installation.
Further emphasizing its customer-centric approach, Core & Main offers incredibly comprehensive customer service, bolstered by its highly knowledgeable sales team and advanced technological solutions. The company has integrated business tools that allow customers to have real-time access to product availability and order status, further simplifying the procurement process.
Throughout its operations, Core & Main values integrity and respect, fostering an environment that encourages individual aspirations and collective achievements. It proudly displays its commitment to sustainability and social responsibility, which are incorporated into its operations and partnerships.
In recent years, Core & Main has been recognized for its exceptional performance in the industry, receiving multiple awards in sales growth, workplace safety, and community service. With its rich history, industry experience, and emphasis on community improvement, Core & Main continues to establish itself as a trusted provider in the waterworks industry.
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This article analyzes Core & Main Inc. Class A (NYSE: CNM), highlighting strong near and mid-term sentiment but a weak long-term outlook. It identifies a mid-channel oscillation pattern and an exceptional 36.7:1 risk-reward setup. The piece also details three AI-generated trading strategies—Position, Momentum Breakout, and Risk Hedging—along with multi-timeframe signal analysis and support/resistance levels.
Robeco Schweiz AG reduced its stake in Core & Main, Inc. by 3.5% in the third quarter, selling 24,677 shares but still holding 687,107 shares valued at $28.5 million. Core & Main reported strong quarterly earnings of $0.94 EPS, exceeding estimates, with revenue up 2.5% to $2.15 billion. The company's stock currently has a "Hold" consensus rating from analysts with an average price target of $54.40.
Ellsworth Advisors LLC has made a new $6.42 million investment in Core & Main, Inc. (NYSE:CNM), acquiring 154,690 shares in the third quarter. Institutional investors now own 94.19% of the company's stock. Analysts have a consensus "Hold" rating for CNM with an average target price of $54.40, following its recent earnings report where it surpassed EPS estimates.
Stock Traders Daily reports weak sentiment for Core & Main Inc. Class A (NYSE: CNM) across all time horizons, supporting a short bias. The analysis identifies a mid-channel oscillation pattern and an exceptional 39.5:1 risk-reward setup targeting an 11.0% gain versus a 0.3% risk. Three distinct AI-generated trading strategies are provided: a Position Trading Strategy (LONG), a Momentum Breakout Strategy (BREAKOUT), and a Risk Hedging Strategy (SHORT).
Argus has provided a report on Core & Main, Inc. (CNM), a specialty distributor of water, wastewater, storm drainage, and fire protection products. The report includes a rating and an earnings estimate, with the current stock price at $40.35. Access to the full report and detailed insights requires a premium upgrade.
Bell Asset Management Ltd significantly reduced its stake in Core & Main (NYSE:CNM) by 33.1% in the third quarter, selling 24,978 shares and retaining 50,427 shares valued at $2.09 million. Despite this reduction, Core & Main reported strong quarterly earnings of $0.94 EPS, surpassing expectations, with revenue increasing by 2.5% to $2.15 billion. The stock currently trades near its 12-month low, with institutional investors holding a substantial 94.19% of outstanding shares, and analysts maintaining a consensus "Hold" rating with an average price target of $54.40.