35,037 Shares in Weyerhaeuser Company $WY Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in Weyerhaeuser Company (NYSE:WY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,037 shares of the real estate investment trust’s stock, valued at approximately $830,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. FNY Investment Advisers LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth about $39,000. Addison Advisors LLC raised its position in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the period. Optiver Holding B.V. purchased a new stake in Weyerhaeuser in the 3rd quarter worth about $42,000. Costello Asset Management INC raised its position in Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 976 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new stake in Weyerhaeuser in the 4th quarter worth about $43,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of WY stock opened at $24.53 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The company has a market capitalization of $17.69 billion, a P/E ratio of 45.43, a P/E/G ratio of 1.39 and a beta of 0.90. The company’s 50-day simple moving average is $24.06 and its two-hundred day simple moving average is $24.22. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.86.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. As a group, equities analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Wall Street Analyst Weigh In

WY has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, May 4th. Truist Financial reduced their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Citigroup reduced their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.