5 Best Lumber Stocks To Invest In 2023

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In this piece, we will take a look at the five best lumber stocks to invest in 2023. If you want to learn more about the lumber industry and some recent trends, then read 10 Best Lumber Stocks To Invest In 2023.

5. American Woodmark Corporation (NASDAQ:AMWD)

Number of Hedge Fund Investors In Q3 2023: 20

American Woodmark Corporation (NASDAQ:AMWD) makes and sells wood products such as cabinets. It is one of the poorest rated stocks on our list, as analysts have rated the shares as Hold on average. However, this hasn’t stopped one of the biggest investors in the world, Vanguard, from buying its shares as the firm bought close to 80,000 American Woodmark Corporation (NASDAQ:AMWD) shares in October.

During Q3 2023, 20 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in American Woodmark Corporation (NASDAQ:AMWD). Out of these, the biggest shareholder was Richard S. Pzena’s Pzena Investment Management due to its $51.3 million investment.

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