10 Best Land and Timber Stocks to Buy According to Hedge Funds

4. Weyerhaeuser Company (NYSE:WY)

Number of Head Fund Holders: 32

Weyerhaeuser Company (NYSE:WY), a forestry giant established in 1900, has a commanding presence in the industry. It manages a vast 11 million acres of U.S. timberlands, with responsible practices guided by international standards. The company’s reach extends beyond U.S. borders with additional Canadian forests under long-term licenses.

Weyerhaeuser Company’s (NYSE:WY) first-quarter results for 2024 showed that adjusted EBITDA climbed to $352 million from $321 million a year earlier. Looking ahead, the company is committed to long-term growth. Its strategies include a 5.3% increase in the base dividend and a new carbon capture agreement, showcasing its environmental focus. Weyerhaeuser Company (NYSE:WY) believes that strong housing and repair markets, along with its diverse asset portfolio, position it well for future success.

Analysts are moderately bullish on Weyerhaeuser Company (NYSE:WY), with a consensus rating of “Moderate Buy.” The average price target is $38, representing a potential upside of 30.85% from the current price levels.

Of the 920 hedge funds tracked by Insider Monkey at the end of Q1 2024, Weyerhaeuser Company (NYSE:WY) was held by 32 hedge funds, making it one of the best land and timber stocks to buy according to hedge funds.