Draper Asset Management LLC Purchases 20,514 Shares of Weyerhaeuser Company $WY

Draper Asset Management LLC boosted its position in Weyerhaeuser Company (NYSE:WY) by 40.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,792 shares of the real estate investment trust’s stock after purchasing an additional 20,514 shares during the period. Weyerhaeuser accounts for about 1.0% of Draper Asset Management LLC’s portfolio, making the stock its 15th biggest holding. Draper Asset Management LLC’s holdings in Weyerhaeuser were worth $1,754,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in Weyerhaeuser during the 4th quarter worth approximately $39,000. Addison Advisors LLC raised its stake in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 757 shares during the last quarter. Bayban bought a new position in shares of Weyerhaeuser during the fourth quarter valued at $41,000. Optiver Holding B.V. acquired a new position in shares of Weyerhaeuser during the third quarter worth $42,000. Finally, Costello Asset Management INC lifted its holdings in shares of Weyerhaeuser by 118.9% during the fourth 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. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $25.74 on Friday. The business has a 50-day moving average price of $24.24 and a two-hundred day moving average price of $24.58. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a market cap of $18.56 billion, a P/E ratio of 47.66, a PEG ratio of 1.43 and a beta of 0.89.

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

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.3%. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Analysts Set New Price Targets

A number of analysts recently weighed in on WY shares. Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Citigroup cut their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, May 4th. Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note 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. According to MarketBeat.com, the stock presently 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.