10 Best Lumber Stocks To Buy Right Now

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1. International Paper Company (NYSE:IP)

Number of Hedge Fund Holders: 44

International Paper Company (NYSE:IP) is a global pulp, paper, and packaging company. The company’s products and services include wood pulp fiber, pulp and paper products, packaging products and services, and recycling services. Serving various industries and customers worldwide, the company has operations across North America, Europe, Latin America, and North Africa. International Paper Company (NYSE:IP) is one of the best lumber stocks to buy.

In April 2024, the company announced a strategic move to acquire DS Smith, a leading provider of sustainable packaging in Europe. This all-share combination is expected to close in early 2025 and aims to create a major force in the sustainable packaging market. The merger will enhance International Paper Company’s (NYSE:IP) capabilities and expand its presence in Europe, where DS Smith has a strong foothold. The integration of DS Smith’s containerboard production into International Paper Company’s (NYSE:IP) operations will also significantly increase their efficiency, with an anticipated integration rate of around 90% for containerboard products.

The company is committed to driving profitable growth through innovation and sustainability. It deployed an 80/20 approach to streamline operations and reduce costs while focusing on customer satisfaction. Recent organizational restructuring and facility closures are part of this strategy to enhance competitiveness. International Paper Company (NYSE:IP) has announced the permanent closure of its Georgetown, South Carolina mill by the end of 2024.

Such strategic moves position IP well for future growth. The acquisition of DS Smith not only strengthens its market position but also demonstrates a commitment to sustainable practices that resonate with today’s consumers. These factors make International Paper Company (NYSE:IP) a compelling investment opportunity for those looking at lumber stocks.

Overall, IP ranks first among the 10 best lumber stocks to buy right now. While we acknowledge the potential of lumber companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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