5 Best Lumber Stocks to Buy Now

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1. DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT)

Number of Hedge Fund Holders: 4     

DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT) is a Canada-based company that offers interior software and construction solutions. It was founded in 2003 and is ranked first on our list of 10 best lumber stocks to buy now. The stock has returned more than 143% to investors over the course of the past twelve months. The firm software interior construction technology as well as interior construction solutions for walls, ceilings, and floors, among others. It uses technology to help out with construction efforts. 

On May 5, DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT) posted earnings results for the first quarter of 2021, reporting earnings per share of -$0.15, missing market predictions by $0.10. The revenue over the period was close to $30 million, down 28% year-on-year.

On June 8, DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT) announced that it had opened a manufacturing facility in South Carolina in an investment worth over $18 million to cater to customers better on the East Coast of the United States. 

At the end of the first quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $51 million in DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT), down from 5 in the preceding quarter worth $39 million. 

You can also take a peek at Billionaire Stan Druckenmiller’s Top 10 Stock Picks and Billionaire Julian Robertson On Interest Rates and His Top Stock Picks For 2021.

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