5 Best Lumber Stocks To Invest In

1. Weyerhaeuser Company (NYSE:WY)

Number of Hedge Fund Holders: 41

Weyerhaeuser Company (NYSE:WY) is a specialized REIT and is one of the world’s largest owners of timberlands. The company owns more than 11 million acres of timberlands across the United States. Weyerhaeuser Company (NYSE:WY) is a profitable and cash-rich company and is one of the best lumber stocks to buy now. As of October 7, Weyerhaeuser Company (NYSE:WY) has free cash flows of $2.5 billion and a trailing twelve-month operating margin of 33.14%.

In addition to being profitable and having strong free cash flows, Weyerhaeuser Company (NYSE:WY) is currently trading cheaply relative to earnings and is also paying a hefty dividend. As of October 7, Weyerhaeuser Company (NYSE:WY) is trading at a PE multiple of 8x and is offering a forward dividend yield of 2.51%.

On September 29, Raymond James analyst Buck Horne revised his price target on Weyerhaeuser Company (NYSE:WY) to $39 from $45 and reiterated a Strong Buy rating on the shares.

At the close of the second quarter of 2022, 41 hedge funds held stakes in Weyerhaeuser Company (NYSE:WY). The total value of these stakes amounted to $328.6 million. This is compared to 40 positions in the previous quarter with stakes worth $279.8 million. The hedge fund sentiment for the stock is positive. As of June 30, First Eagle Investment Management is the leading shareholder in Weyerhaeuser Company (NYSE:WY) and owns over 14.5 million shares of the company.

You can also take a look at 11 Best Dividend Stocks Under $50 and 14 Best Clean Energy Stocks To Buy Now.

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