Raiffeisen Bank International AG Invests $815,000 in Weyerhaeuser Company $WY

Raiffeisen Bank International AG acquired a new stake in Weyerhaeuser Company (NYSE:WY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,096 shares of the real estate investment trust’s stock, valued at approximately $815,000.

Several other hedge funds also recently bought and sold shares of WY. Essential Partners LLC boosted its holdings in Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,208 shares during the period. Nvwm LLC raised its position in shares of Weyerhaeuser by 174.7% in the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 800 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Weyerhaeuser by 77.6% in the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 617 shares in the last quarter. Compass Financial Management LLC bought a new stake in Weyerhaeuser during the second quarter valued at $35,000. Finally, Addison Advisors LLC boosted its stake in 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 buying an additional 757 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY opened at $23.04 on Friday. 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 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $24.11 and a two-hundred day simple moving average of $24.25. The firm has a market cap of $16.61 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.23 and a beta of 0.87.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. On average, analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser’s payout ratio is 129.23%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WY shares. Citigroup decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. DA Davidson restated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Truist Financial reiterated a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $30.00 price target on shares of Weyerhaeuser in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

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.