According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best wood stocks to buy right now are:
1. Simpson Manufacturing Co (NYSE:SSD)
The Component Grade breakdown for Simpson Manufacturing Co (NYSE:SSD) is: Value: C, Growth: D, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: C.
Simpson Manufacturing Co (NYSE:SSD) has a Due Diligence Score of 44, which is 15 points higher than the lumber industry average of 29.
SSD passed 16 out of 38 due diligence checks and has strong fundamentals. Simpson Manufacturing Co has seen its stock lose -7.19% over the past year, overperforming other lumber stocks by 3 percentage points.
Simpson Manufacturing Co has an average 1 year
price target of $216.25, an upside of 22.44% from Simpson Manufacturing Co's current stock price of $176.62.
Simpson Manufacturing Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Simpson Manufacturing Co, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Ufp Industries (NASDAQ:UFPI)
The Component Grade breakdown for Ufp Industries (NASDAQ:UFPI) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Ufp Industries (NASDAQ:UFPI) has a Due Diligence Score of 46, which is 17 points higher than the lumber industry average of 29.
UFPI passed 16 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock lose -18.28% over the past year, underperforming other lumber stocks by -8 percentage points.
Ufp Industries has an average 1 year
price target of $104.50, an upside of 27.35% from Ufp Industries's current stock price of $82.06.
Ufp Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Ufp Industries, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. CL Workshop Group (NASDAQ:NWGL)
The Component Grade breakdown for CL Workshop Group (NASDAQ:NWGL) is: Value: D, Growth: C, Momentum: C, Sentiment: C, Safety: D, Financials: C, and AI: C.
CL Workshop Group (NASDAQ:NWGL) has a Due Diligence Score of 13, which is -16 points lower than the lumber industry average of 29.
NWGL passed 4 out of 33 due diligence checks and has weak fundamentals. CL Workshop Group has seen its stock lose -12.9% over the past year, underperforming other lumber stocks by -2 percentage points.