7 Best Paper Stocks To Buy Right Now

2. Weyerhaeuser Company (NYSE:WY) 

Number of Hedge Fund Holders: 36 

Weyerhaeuser Company (NYSE:WY), founded in 1900, is a leading timber, land, and forest products company that manages extensive forest resources and manufactures various wood products. It operates through three main segments: Timberlands, Wood Products, and Real Estate, Energy & Natural Resources.

What sets Weyerhaeuser apart is its integrated approach to forest management and wood products manufacturing. The company owns and manages 10.5 million acres of timberlands in the U.S., making it one of the world’s largest private landowners.

Weyerhaeuser is leveraging its timberlands to grow revenue from carbon markets, aiming for $100 million in Adjusted EBITDA from Natural Climate Solutions by 2025—a fivefold increase. The company, which is significantly carbon-negative, stores billions of metric tons of CO₂ in its U.S. timberlands, positioning it well in a carbon-conscious market. Weyerhaeuser is also pursuing $175–$250 million in operational improvements and plans to invest $1 billion in expanding its sustainable forestry portfolio by 2025. These efforts support a 5% annual dividend growth target tied to Timberlands and Natural Climate Solutions.

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.

As of Q2 2024, 36 hedge funds in the Insider Monkey database held WY. The largest stakeholder, among the ones we tracked, was First Eagle Investment Management, holding shares worth $402,987,418. The stock also holds a Moderate Buy rating based on 5 Wall Street analysts. Analysts have set a 12-month price target for Weyerhaeuser, averaging $38.00, with a high of $41.00 and a low of $36.00. This represents a potential 13.60% increase from the current price of $33.45.