CNM Stock Summary and Trading Ideas (Core & Main Class A | NYSE:CNM)

Core & Main Inc is a specialty distributor focusing on water, wastewater, storm drainage, and fire protection products and services. Catering to municipalities, private water companies, and contractors, it serves municipal, non-residential, and residential markets nationwide. Its diverse product line includes pipes, valves, fittings, storm drainage products, fire protection products, and meter products. Revenue is primarily generated from pipes, valves, and fittings. The company operates across three construction sectors: municipal, non-residential, and residential, contributing to reliable infrastructure development nationwide.

Core & Main Class A trades on the NYSE stock market under the symbol CNM.

As of September 16, 2024, CNM stock price climbed to $41.37 with 2,154,509 million shares trading.

CNM has a beta of 1.94, meaning it tends to be more sensitive to market movements. CNM has a correlation of 0.32 to the broad based SPY ETF.

CNM has a market cap of $7.98 billion. This is considered a Mid Cap stock.

Last quarter Core & Main Class A reported $2 billion in Revenue and $.61 earnings per share. This fell short of revenue expectation by $-96 million and missed earnings estimates by -$.13.

In the last 3 years, CNM stock traded as high as $62.15 and as low as $18.75.

The top ETF exchange traded funds that CNM belongs to (by Net Assets): VTI, VB, IJH, COWZ, VBK.

CNM has outperformed the market in the last year with a return of +40.9%, while the SPY ETF gained +27.5%. However, in the most recent history, CNM shares have underperformed the stock market with its stock returning -19.0% in the last 3 month period and -13.9% for the last 2 week period, while SPY has returned +4.1% and -0.2%, respectively.

CNM support price is $39.92 and resistance is $41.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNM stock will trade within this expected range on the day.