CNM Stock Recent News

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.

Core & Main faces significant headwinds, including weather disruptions, lower steel pipe prices, and a slowdown in commercial projects, impacting their recent performance. Despite a solid share buyback program and manageable debt levels, the lack of insider buying activity raises concerns about a potential decline in the share price in the near future. Acquisition-driven growth contributed 9% to sales increases, but without acquisitions, sales would have dropped 3.5%. I'm concerned about their reliance on acquisitions for growth.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of substantially all of the assets of GroGreen Solutions Georgia, LLC.