Fideuram Asset Management Ireland dac Takes Position in Weyerhaeuser Company $WY

Fideuram Asset Management Ireland dac acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 have also recently modified their holdings of the business. NovaPoint Capital LLC boosted its stake in shares of Weyerhaeuser by 2.7% during the fourth quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 385 shares in the last quarter. BOKF NA boosted its stake in shares of Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Weyerhaeuser by 23.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 472 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Weyerhaeuser by 27.6% during the fourth quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 487 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 2.4% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 487 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Truist Financial dropped their price objective 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. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup decreased their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.88.

Weyerhaeuser Trading Down 0.1%

NYSE WY opened at $24.53 on Friday. The company has a fifty day simple moving average of $24.06 and a two-hundred day simple moving average of $24.22. The stock has a market cap 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. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 5.78% and a return on equity of 1.45%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. On average, analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

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

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.