15 Best Lumber Stocks To Buy Now

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03. Weyerhaeuser Company (NYSE:WY)

Number of Hedge Fund Holders: 32

Weyerhaeuser Company (NYSE:WY), one of the largest private owners of timberlands, has been operating since 1900. The company owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada. In the latest earnings report announced on July 25, Weyerhaeuser Company (NYSE:WY) reported a normalized FFO (Funds from Operations) of $0.44, beating expectations by $0.03. The GAAP EPS was $0.24, also exceeding forecasts by $0.03. Revenue totaled $1.94 billion but missed projections by $34.06 million.

In Q1 2024, the count of hedge funds holding stakes in Weyerhaeuser Company (NYSE:WY) rose to 32 from 30 in the previous quarter, based on Insider Monkey’s database of 920 hedge funds. These stakes collectively amount to around $239.32 million in value. Jean-Marie Eveillard’s First Eagle Investment Management emerged as the largest stakeholder among these hedge funds during this period.

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