Lombard Odier Asset Management Europe Ltd Makes New $20.51 Million Investment in Weyerhaeuser (NYSE:WY)

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Weyerhaeuser (NYSE:WYGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 541,201 shares of the real estate investment trust’s stock, valued at approximately $20,512,000. Lombard Odier Asset Management Europe Ltd owned about 0.07% of Weyerhaeuser at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. DeDora Capital Inc. purchased a new stake in shares of Weyerhaeuser in the 1st quarter valued at about $27,000. Rosenberg Matthew Hamilton increased its position in Weyerhaeuser by 44.1% in the 1st quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 251 shares during the period. HHM Wealth Advisors LLC increased its position in Weyerhaeuser by 44.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 917 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 284 shares during the period. Accel Wealth Management increased its position in Weyerhaeuser by 60.5% in the 1st quarter. Accel Wealth Management now owns 963 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 363 shares during the period. Finally, Tyler Stone Wealth Management acquired a new position in Weyerhaeuser in the 4th quarter valued at about $40,000. 81.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial assumed coverage on Weyerhaeuser in a research report on Wednesday, June 29th. They issued a “hold” rating and a $37.00 price target on the stock. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. The Goldman Sachs Group dropped their price target on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Finally, Argus cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Weyerhaeuser Stock Performance

NYSE WY opened at $34.62 on Friday. The company has a current ratio of 3.20, a quick ratio of 2.59 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $35.23 and its two-hundred day moving average is $37.23. Weyerhaeuser has a 12-month low of $32.50 and a 12-month high of $43.04. The stock has a market capitalization of $25.63 billion, a price-to-earnings ratio of 10.55 and a beta of 1.48.

Weyerhaeuser (NYSE:WYGet Rating) last released its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.83 billion. Weyerhaeuser had a return on equity of 24.49% and a net margin of 23.10%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. Research analysts expect that Weyerhaeuser will post 3.14 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 1st. Weyerhaeuser’s dividend payout ratio is currently 21.95%.

Weyerhaeuser Company Profile

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Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

See Also

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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