12 Best Industrial Distribution Stocks to Buy According to Hedge Funds

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4. Core & Main, Inc. (NYSE:CNM)

Number of Hedge Fund Holders: 41

Core & Main, Inc. (NYSE:CNM) is a distributor of water, sewer, storm drain, and fire protection products in the US. The company is based in St. Louis and has more than 350 branches in the country.

Core & Main operates as a leader in advancing reliable infrastructure with local service, across the nation. Other than having a leading position with size and scale in a highly fragmented market, the company boasts differentiated service offerings enhanced by proprietary technology tools. Core & Main continues to move forward by compounding growth through M&A. The firm expanded its presence in key geographies and gained access to new product lines by completing five acquisitions during and after 2024’s third quarter.

According to Steve LeClair, chair and CEO of Core & Main, Inc. (NYSE:CNM), the company can grow in any environment as evidenced by its strong 2024 third-quarter performance. Net sales in the quarter rose 11.5% over the year, driven by acquisitions and higher end-market volumes partially offset by slightly lower selling prices.

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