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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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
UFPI
UFP INDUSTRIES INC
United States
$7.00B61,624,28781.64%9.34%Net SellingNet Selling
SSD
SIMPSON MANUFACTURING CO INC
United States
$7.37B42,467,63472.35%27.65%Net SellingNet Selling
JCTCF
JEWETT CAMERON TRADING CO LTD
United States
$18.82M3,504,80214.79%66.70%Net Selling
WFG
WEST FRASER TIMBER CO LTD
Canada
$6.43B81,720,99638.97%0.00%
EVA
ENVIVA INC
United States
$40.00M74,496,53727.69%72.31%Net SellingNet Selling
NWGL
NATURE WOOD GROUP LTD
Macau
$83.51M132,425,3210.00%0.00%
1

Lumber Stocks FAQ

What are the best lumber stocks to buy right now in Apr 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 56, which is 26 points higher than the lumber industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock return 49.17% over the past year, overperforming other lumber stocks by 23 percentage points.

Ufp Industries has an average 1 year price target of $117.50, an upside of 3.4% from Ufp Industries's current stock price of $113.64.

Ufp Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Ufp Industries, 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.

2. Simpson Manufacturing Co (NYSE:SSD)


Simpson Manufacturing Co (NYSE:SSD) is the second best lumber stock with a Zen Score of 42, which is 12 points higher than the lumber industry average of 30. It passed 15 out of 38 due diligence checks and has strong fundamentals. Simpson Manufacturing Co has seen its stock return 44.65% over the past year, overperforming other lumber stocks by 18 percentage points.

Simpson Manufacturing Co has an average 1 year price target of $208.00, an upside of 19.81% from Simpson Manufacturing Co's current stock price of $173.61.

Simpson Manufacturing Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Simpson Manufacturing Co, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 5 points higher than the lumber industry average of 30. It passed 10 out of 33 due diligence checks and has average fundamentals. Jewett Cameron Trading Co has seen its stock return 7.16% over the past year, underperforming other lumber stocks by -19 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. Ufp Industries (NASDAQ:UFPI)


Ufp Industries (NASDAQ:UFPI) has an annual dividend yield of 1.04%, which is the same as the lumber industry average of 0.83%. 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 10.4% indicates that its dividend yield is sustainable for the long-term.

2. Simpson Manufacturing Co (NYSE:SSD)


Simpson Manufacturing Co (NYSE:SSD) has an annual dividend yield of 0.62%, which is the same as the lumber industry average of 0.83%. Simpson Manufacturing Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Simpson Manufacturing Co's dividend has shown consistent growth over the last 10 years.

Simpson Manufacturing Co's dividend payout ratio of 12.9% indicates that its dividend yield is sustainable for the long-term.

Why are lumber stocks down?

Lumber stocks were down -2.05% in the last day, and down -4.33% over the last week.

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

What are the most undervalued lumber stocks?

Based on WallStreetZen's Valuation Score, the 2 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 49.17% in the past year. It has overperformed other stocks in the lumber industry by 23 percentage points.

2. Jewett Cameron Trading Co (NASDAQ:JCTCF)


Jewett Cameron Trading Co (NASDAQ:JCTCF) is the second 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 7.16% in the past year. It has underperformed other stocks in the lumber industry by -19 percentage points.

Are lumber stocks a good buy now?

100% of lumber stocks rated by analysts are a buy right now. On average, analysts expect lumber stocks to rise by 15.57% 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 -10.18x.
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