5 Best Conglomerate Stocks to Buy Now

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In this article, we will take a look at the 5 best conglomerate stocks to buy now. If you want to explore similar stocks, you can go to 11 Best Conglomerate Stocks to Buy Now.

5. MDU Resources Group, Inc. (NYSE:MDU)

Number of Hedge Fund Holders: 27

MDU Resources Group, Inc. (NYSE:MDU) is involved in various sectors within the United States, including regulated energy delivery, construction materials, and services. The company has five distinct divisions: Electric, Natural Gas Distribution, Pipeline, Construction Materials & Contracting, and Construction Services. MDU Resources Group, Inc. (NYSE:MDU) is one of the best conglomerate stocks to buy now and has gained 13.61% over the past 12 months, as of April 28.

As of March 2023, MDU Resources Group, Inc. (NYSE:MDU) has 2 Buy ratings and 2 Hold ratings from Wall Street analysts. The stock has an average price target of $33.50, which implies an upside of 14.73% from current levels.

27 hedge funds held stakes in MDU Resources Group, Inc. (NYSE:MDU) at the close of Q4 2022. The total value of these stakes amounted to $579 million. As of December 31, Corvex Capital is the top investor in the company and has a stake worth $307 million.

Follow Mdu Resources Group Inc (NYSE:MDU)

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