Flax Pond Capital LLC Acquires New Holdings in Weyerhaeuser Company $WY

Flax Pond Capital LLC bought a new stake in Weyerhaeuser Company (NYSE:WY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,660 shares of the real estate investment trust’s stock, valued at approximately $1,674,000.

Several other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in Weyerhaeuser by 6.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,306,310 shares of the real estate investment trust’s stock worth $30,960,000 after buying an additional 84,201 shares during the period. Bayban acquired a new position in Weyerhaeuser in the fourth quarter valued at about $41,000. SHP Wealth Management bought a new stake in shares of Weyerhaeuser in the fourth quarter worth about $63,000. MidFirst Bank bought a new stake in shares of Weyerhaeuser in the fourth quarter worth about $91,000. Finally, Invesco Ltd. increased its holdings in shares of Weyerhaeuser by 3.5% in the fourth quarter. Invesco Ltd. now owns 11,389,684 shares of the real estate investment trust’s stock worth $269,822,000 after acquiring an additional 382,244 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $24.35 on Friday. The company’s fifty day simple moving average is $24.23 and its 200-day simple moving average is $24.47. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $17.55 billion, a PE ratio of 45.09, a P/E/G ratio of 1.38 and a beta of 0.89. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.75.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WY shares. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, May 4th. Citigroup dropped their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Truist Financial cut their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser 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.