Flax Pond Capital LLC Makes New Investment in Weyerhaeuser Company $WY

Flax Pond Capital LLC acquired a new position in shares of Weyerhaeuser Company (NYSE:WY) during the fourth quarter, HoldingsChannel reports. The firm acquired 70,660 shares of the real estate investment trust’s stock, valued at approximately $1,674,000.

Several other large investors also recently made changes to their positions in WY. Hsbc Holdings PLC grew its stake in shares of Weyerhaeuser by 6.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,306,310 shares of the real estate investment trust’s stock valued at $30,960,000 after buying an additional 84,201 shares in the last quarter. Bayban acquired a new position in Weyerhaeuser during the fourth quarter worth $41,000. SHP Wealth Management bought a new stake in Weyerhaeuser during the fourth quarter worth $63,000. MidFirst Bank bought a new stake in Weyerhaeuser during the fourth quarter worth $91,000. Finally, Invesco Ltd. lifted its stake in Weyerhaeuser by 3.5% in the fourth quarter. Invesco Ltd. now owns 11,389,684 shares of the real estate investment trust’s stock valued at $269,822,000 after acquiring an additional 382,244 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Monday, May 4th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial reduced their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Finally, Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $24.35 on Friday. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 1.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The company has a 50-day simple moving average of $24.23 and a 200 day simple moving average of $24.47. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion for 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 revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

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.