My post-64 Winchester 94 has a very plain stock, rather like the low priced version of a Marlin. "Hardwood" rather than "walnut."
Interesting that you mentioned that. I was going to try and sand down the stock on mine to put an oil finish on it. The stock had a cheap stain on it and was fairly light colored - don't know what kind of wood it is. I dropped the project and simply put a coat of satin urathane on it. I figured it was a waste of time trying to make that gun pretty after that.