CNM Stock Recent News
CNM LATEST HEADLINES
Core & Main, Inc. (CNM) has strong growth prospects due to aging infrastructure, reshoring trends, and a recovering residential market as interest rates decline. The company's margin outlook is positive, with expected pricing improvements in 2025 and SG&A leverage from increased volumes, supporting a buy rating. CNM's valuation is attractive compared to high-quality distributor peers, with potential for re-rating as it continues to execute well and achieve solid EPS growth.
Core & Main (CNM) closed at $53.55 in the latest trading session, marking a -1.91% move from the prior day.
In the latest trading session, Core & Main (CNM) closed at $54.84, marking a +0.26% move from the previous day.
In the most recent trading session, Core & Main (CNM) closed at $54.48, indicating a -0.29% shift from the previous trading day.
In the most recent trading session, Core & Main (CNM) closed at $56.73, indicating a +1.21% shift from the previous trading day.
The Zacks Manufacturing-Tools & Related Products industry has been gaining from strength across end markets, along with robust demand for machine tools in the industrial and automotive sectors. SWK, CNM, LECO and KMT are notable stocks in the industry.
Core & Main (CNM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into an agreement to acquire substantially all the assets of ARGCO Northeast LLC, a distributor of fire protection products.
ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into a definitive agreement to acquire Eastcom Associates Inc., a distributor of underground utility protection equipment.
ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of substantially all of the assets of Green Equipment Company.