In this article, we discuss 5 best paper stocks to buy now. If you want to read our detailed analysis of the paper and pulp sector, go directly to read 11 Best Paper Stocks To Buy Now.
5. H.B. Fuller Company (NYSE:FUL)
Number of Hedge Fund Holders: 20
H.B. Fuller Company (NYSE:FUL) is a Minnesota-based company that specializes in providing solutions to enhance the properties of nonwoven materials, paper, and textiles. The company offers polymers that improve chemical resistance, water resistance, and mechanical strength.
H.B. Fuller Company (NYSE:FUL), one of the best paper stocks, is a Dividend King with 54 years of consistent dividend growth under its belt. The company pays a quarterly dividend of $0.205 per share and has a dividend yield of 1.14%, as of July 5. In fiscal Q2 2023, the company reported an operating cash flow of $103 million.
The number of hedge funds tracked by Insider Monkey owning stakes in H.B. Fuller Company (NYSE:FUL) grew to 20 in Q1 2023, from 14 in the previous quarter. These stakes have a total value of over $148.7 million. Among these hedge funds, P2 Capital Partners was the company’s leading stakeholder in Q1.
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4. Sylvamo Corporation (NYSE:SLVM)
Number of Hedge Fund Holders: 20
An American paper mill company, Sylvamo Corporation (NYSE:SLVM) is next on our list of the best paper stocks. The company reported strong earnings in the first quarter of 2023, with revenues of $959 million, which showed a 16.8% growth from the same period last year. It generated $63 million and $2 million in operating cash flow and free cash flow, respectively.
Sylvamo Corporation (NYSE:SLVM) also pays a quarterly dividend of $0.25 per share and has a dividend yield of 2.43%, as of July 5.
At the end of Q1 2023, 20 hedge funds in Insider Monkey’s database owned investments in Sylvamo Corporation (NYSE:SLVM), worth collectively over $136.6 million.
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3. UFP Industries, Inc. (NASDAQ:UFPI)
Number of Hedge Fund Holders: 23
UFP Industries, Inc. (NASDAQ:UFPI) is a Michigan-based lumber company that operates in the building materials industry. It specializes in the design, manufacturing, and distribution of a wide range of wood-based products, components, and other building materials. It is among the best paper stocks on our list.
At the end of March 31, UFP Industries, Inc. (NASDAQ:UFPI) had over $423.2 million available in cash and cash equivalents, compared with $73.7 million during the same period last year. The company’s revenue for the quarter came in at over $1.82 billion.
As of the close of Q1 2023, 23 hedge funds owned stakes in UFP Industries, Inc. (NASDAQ:UFPI), up from 19 in the previous quarter, according to Insider Monkey’s database. These stakes are collectively valued at roughly $140 million.
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2. International Paper Company (NYSE:IP)
Number of Hedge Fund Holders: 25
International Paper Company (NYSE:IP) is a global leader in the production and distribution of packaging, pulp, and paper products. The company ranks second on our list of the best paper stocks to buy now. In the first quarter of 2023, the company posted an EPS of $0.53, which beat Street estimates by $0.06. During the quarter, it returned $345 million to shareholders through dividends and share repurchases.
International Paper Company (NYSE:IP) was a part of 25 hedge fund portfolios in Q1 2023, according to Insider Monkey’s database. The stakes held by these funds have a total value of roughly $440 million. With over 6.3 million shares, Greenhaven Associates was the company’s leading stakeholder in Q1.
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1. Kimberly-Clark Corporation (NYSE:KMB)
Number of Hedge Fund Holders: 40
Kimberly-Clark Corporation (NYSE:KMB) tops our list of the best paper stocks to buy now. The company is involved in the manufacturing and marketing of personal care products, consumer tissue, professional hygiene, and other paper-based products.
At the end of March 31, the number of hedge funds tracked by Insider Monkey that owned stakes in Kimberly-Clark Corporation (NYSE:KMB) grew to 40, from 30 in the previous quarter. These stakes have a collective value of over $909 million.
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You can also take a look at 12 Best Long-Term Dividend Stocks To Buy Now and 10 Martin Shkreli Stock Picks and Their Performance
