5 Best Lumber Stocks To Invest In

In this article, we will discuss the 5 best lumber stocks to invest in. If you want to explore similar stocks, you can go to 10 Best Lumber Stocks To Invest In.

5. Boise Cascade Company (NYSE:BCC)

Number of Hedge Fund Holders: 18

Boise Cascade Company (NYSE:BCC) is a leading manufacturer of wood products and a leading distributor of building materials. The company primarily operates in the United States and Canada. Boise Cascade Company (NYSE:BCC) is trading at a bargain right now. As of October 7, the stock has a trailing twelve-month PE ratio of 3.12 and is offering a forward dividend yield of 0.78%. Moreover, the company has solid free cash flows and is profitable. Boise Cascade Company (NYSE:BCC) has free cash flows of $696 million and a trailing twelve-month operating margin of 12.78%.

Wall Street analysts are positive on Boise Cascade Company (NYSE:BCC). On September 20, BofA analyst George Staphos revised his price target on Boise Cascade Company (NYSE:BCC) to $72 from $73 and reiterated a Neutral rating on the shares. The stock has a consensus Hold rating among Wall Street analysts.

At the end of the second quarter of 2022, 18 hedge funds held stakes in Boise Cascade Company (NYSE:BCC). The total value of these stakes amounted to $48.5 million. As of June 30, Arrowstreet Capital is the largest shareholder in Boise Cascade Company (NYSE:BCC) and has a stake of $7.98 million in the company.