Weyerhaeuser (NYSE:WY) Stock Holdings Increased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd raised its holdings in shares of Weyerhaeuser (NYSE:WY) by 91.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,080 shares of the real estate investment trust’s stock after acquiring an additional 31,063 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Weyerhaeuser were worth $1,848,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its stake in Weyerhaeuser by 0.8% during the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after acquiring an additional 348 shares in the last quarter. Institute for Wealth Management LLC. raised its stake in Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 366 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 406 shares in the last quarter. Pinnacle West Asset Management Inc. raised its stake in shares of Weyerhaeuser by 4.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 10,290 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 450 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Weyerhaeuser by 3.2% in the 4th quarter. Intech Investment Management LLC now owns 14,743 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 456 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $33.55 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $24.46 billion, a price-to-earnings ratio of 30.50 and a beta of 1.40. The stock’s fifty day simple moving average is $31.00 and its 200 day simple moving average is $31.17. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WY. Truist Financial dropped their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. DA Davidson dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Royal Bank of Canada boosted their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.83.

Insider Activity at Weyerhaeuser

In other news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.