5 Best Land and Timber Stocks to Invest in

In this piece, we will take a look at the five best land and timber stocks to invest in. If you want to skip our overview of the timber and forestry industry as well as the latest trends and news, then you can take a look at the 13 Best Land and Timber Stocks to Invest in.

5. Rayonier Inc. (NYSE:RYN)

Number of Q4 2023 Hedge Fund Shareholders: 21

Rayonier Inc. (NYSE:RYN) is the second land stock on our list of the best land and timber stocks. The firm holds nearly three million acres of timberland in the U.S. and New Zealand. The shares are rated Buy on average, and the average analyst share price target is $34.60.

During December 2023, 21 hedge funds out of the 933 profiled by Insider Monkey were Rayonier Inc. (NYSE:RYN)’s shareholders. Ian Simm’s Impax Asset Management owned the largest stake which was worth $218 million.

4. Leggett & Platt, Incorporated (NYSE:LEG)

Number of Q4 2023 Hedge Fund Shareholders: 24

Leggett & Platt, Incorporated (NYSE:LEG) is another furniture company. It sells beds, mattress foundations, and other associated products. 2024 has been a rough year for the firm’s shares, as the stock is down 31% year to date on the back of executive retirements, credit agreement amendments, and restructuring plans.

24 out of the 933 hedge funds surveyed by Insider Monkey during Q4 2023 were the firm’s shareholders. Leggett & Platt, Incorporated (NYSE:LEG)’s biggest hedge fund shareholder is Israel Englander’s Millennium Management through its $27.5 million investment.

3. MasterBrand, Inc. (NYSE:MBC)

Number of Q4 2023 Hedge Fund Shareholders: 27

MasterBrand, Inc. (NYSE:MBC) is a specialized furniture company that makes and sells cabinets. As opposed to several other land and timber stocks on our list, the firm has been doing well on the financial front as it has beaten analyst EPS estimates in all four of its latest quarters.

As of December 2023 end, 27 out of the 933 hedge funds profiled by Insider Monkey had bought a stake in MasterBrand, Inc. (NYSE:MBC).

2. Weyerhaeuser Company (NYSE:WY)

Number of Q4 2023 Hedge Fund Shareholders: 30

Weyerhaeuser Company (NYSE:WY) is a diversified land and timber company. It owns more than ten million acres of land, and it also makes and sells wood products. It’s been relatively quiet on the news front for the firm in 2024, with the only notable development being a carbon sequestration agreement covering close to two hundred thousand acres.

30 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought and owned Weyerhaeuser Company (NYSE:WY)’s shares. Jean-Marie Eveillard’s First Eagle Investment Management was the biggest shareholder due to its $496 million stake.

1. Mohawk Industries, Inc. (NYSE:MHK)

Number of Q4 2023 Hedge Fund Shareholders: 40

Mohawk Industries, Inc. (NYSE:MHK) is one of the biggest flooring companies in the U.S. It provides products such as floorboards, fiber boards, and chip boards. The shares are rated Buy on average, and the average analyst share price target is $121.67.

Insider Monkey scoured through 933 hedge fund portfolios for 2023’s December quarter and found that 40 had invested in the firm. Mohawk Industries, Inc. (NYSE:MHK)’s largest hedge fund stakeholder is John W. Rogers’s Ariel Investments through its $222 million investment.

Disclosure: None. You can also take a look at the 10 Best Multibagger Stocks to Buy Now and 15 Best Eventbrite Alternatives for Registration & Ticketing.

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