OP Asset Management Ltd Takes Position in Weyerhaeuser Company $WY

OP Asset Management Ltd bought a new position in shares of Weyerhaeuser Company (NYSE:WY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 76,331 shares of the real estate investment trust’s stock, valued at approximately $1,865,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nordea Investment Management AB increased its stake in shares of Weyerhaeuser by 2.1% in the fourth quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock valued at $56,310,000 after buying an additional 47,709 shares during the period. Cambria Investment Management L.P. acquired a new stake in Weyerhaeuser during the 3rd quarter worth approximately $1,265,000. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Weyerhaeuser by 442.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 279,600 shares of the real estate investment trust’s stock worth $6,931,000 after acquiring an additional 228,100 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Weyerhaeuser during the 3rd quarter worth approximately $1,154,000. Finally, Legal & General Group Plc grew its holdings in Weyerhaeuser by 4.7% during the 3rd quarter. Legal & General Group Plc now owns 11,382,659 shares of the real estate investment trust’s stock worth $282,176,000 after acquiring an additional 511,657 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.1%

Shares of NYSE:WY opened at $25.32 on Monday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75. 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 business’s 50-day moving average is $24.26 and its 200-day moving average is $24.60. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 46.89, a P/E/G ratio of 1.44 and a beta of 0.89.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given 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 dividend yield of 3.3%. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup cut their price target 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. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Truist Financial reduced their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.88.

About Weyerhaeuser

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.