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Sectors & IndustriesBasic MaterialsLumber & Wood Production
Best Lumber Stocks to Buy Now (2024)
Top lumber stocks in 2024 ranked by overall Zen Score. See the best lumber stocks to buy now, according to analyst forecasts for the lumber & wood production industry.

Industry: Lumber & Wood Production
OverviewZen ScorePrice
ValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
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Price
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UFPI
UFP INDUSTRIES INC
$121.282.06%3.82%5.50%3.11%7.64%46.30%45.87%234.38%643.73%$128.65$77.485.73%56.54%1.20239,37450.71%
BCC
BOISE CASCADE CO
$136.310.81%4.32%-8.52%-2.59%20.22%83.63%95.65%414.57%450.30%$154.67$71.5011.87%90.66%1.34230,784-28.91%
JCTCF
JEWETT CAMERON TRADING CO LTD
$5.18-3.97%-3.07%-5.03%-9.67%9.89%8.97%-48.24%-32.78%-0.27%$6.35$3.7018.49%39.89%0.30528-97.31%
WFG
WEST FRASER TIMBER CO LTD
$79.120.85%2.22%0.76%0.53%3.95%4.59%0.52%N/AN/A$90.17$64.1112.25%23.41%0.9780,770-7.89%
EVA
ENVIVA INC
$0.594.61%10.90%44.96%102.75%-54.96%-92.88%-98.80%-98.15%N/A$14.17$0.2595.84%132.28%0.91708,365-0.91%
NWGL
NATURE WOOD GROUP LTD
$2.83-2.41%8.43%-80.56%-74.04%-76.22%N/AN/AN/AN/A$21.97$2.5587.12%10.98%-1.2325,871-17.53%
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Lumber Stocks FAQ

What are the best lumber stocks to buy right now in May 2024?

According to Zen Score, the 3 best wood stocks to buy right now are:

1. Ufp Industries (NASDAQ:UFPI)


Ufp Industries (NASDAQ:UFPI) is the top lumber stock with a Zen Score of 59, which is 28 points higher than the lumber industry average of 31. It passed 22 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock return 46.3% over the past year, overperforming other lumber stocks by 18 percentage points.

Ufp Industries has an average 1 year price target of $120.00, a downside of -1.06% from Ufp Industries's current stock price of $121.28.

Ufp Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Ufp Industries, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Boise Cascade Co (NYSE:BCC)


Boise Cascade Co (NYSE:BCC) is the second best lumber stock with a Zen Score of 51, which is 20 points higher than the lumber industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Boise Cascade Co has seen its stock return 83.63% over the past year, overperforming other lumber stocks by 55 percentage points.

Boise Cascade Co has an average 1 year price target of $152.00, an upside of 11.51% from Boise Cascade Co's current stock price of $136.31.

Boise Cascade Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Boise Cascade Co, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Jewett Cameron Trading Co (NASDAQ:JCTCF)


Jewett Cameron Trading Co (NASDAQ:JCTCF) is the third best lumber stock with a Zen Score of 35, which is 4 points higher than the lumber industry average of 31. It passed 10 out of 33 due diligence checks and has average fundamentals. Jewett Cameron Trading Co has seen its stock return 8.97% over the past year, underperforming other lumber stocks by -20 percentage points.

What are the lumber stocks with highest dividends?

Out of 2 lumber stocks that have issued dividends in the past year, the 2 lumber stocks with the highest dividend yields are:

1. Boise Cascade Co (NYSE:BCC)


Boise Cascade Co (NYSE:BCC) has an annual dividend yield of 6.42%, which is 6 percentage points higher than the lumber industry average of 0.79%. Boise Cascade Co's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Boise Cascade Co's dividend has shown consistent growth over the last 10 years.

Boise Cascade Co's dividend payout ratio of 70.6% indicates that its high dividend yield is sustainable for the long-term.

2. Ufp Industries (NASDAQ:UFPI)


Ufp Industries (NASDAQ:UFPI) has an annual dividend yield of 0.97%, which is the same as the lumber industry average of 0.79%. Ufp Industries's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Ufp Industries's dividend has shown consistent growth over the last 10 years.

Ufp Industries's dividend payout ratio of 14.5% indicates that its dividend yield is sustainable for the long-term.

Why are lumber stocks up?

Lumber stocks were up 1.09% in the last day, and up 0.47% over the last week.

We couldn't find a catalyst for why lumber stocks are up.

What are the most undervalued lumber stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued lumber stocks right now are:

1. Ufp Industries (NASDAQ:UFPI)


Ufp Industries (NASDAQ:UFPI) is the most undervalued lumber stock based on WallStreetZen's Valuation Score. Ufp Industries has a valuation score of 71, which is 42 points higher than the lumber industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Ufp Industries's stock has gained 46.3% in the past year. It has overperformed other stocks in the lumber industry by 18 percentage points.

2. Boise Cascade Co (NYSE:BCC)


Boise Cascade Co (NYSE:BCC) is the second most undervalued lumber stock based on WallStreetZen's Valuation Score. Boise Cascade Co has a valuation score of 43, which is 14 points higher than the lumber industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Boise Cascade Co's stock has gained 83.63% in the past year. It has overperformed other stocks in the lumber industry by 55 percentage points.

3. Jewett Cameron Trading Co (NASDAQ:JCTCF)


Jewett Cameron Trading Co (NASDAQ:JCTCF) is the third most undervalued lumber stock based on WallStreetZen's Valuation Score. Jewett Cameron Trading Co has a valuation score of 43, which is 14 points higher than the lumber industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Jewett Cameron Trading Co's stock has gained 8.97% in the past year. It has underperformed other stocks in the lumber industry by -20 percentage points.

Are lumber stocks a good buy now?

50% of lumber stocks rated by analysts are a buy right now. On average, analysts expect lumber stocks to rise by 13% over the next year.

What is the average p/e ratio of the lumber & wood production industry?

The average P/E ratio of the lumber & wood production industry is -9.14x.
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