Weyerhaeuser Company (NYSE:WY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Weyerhaeuser Company (NYSE:WY) by 23.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,682 shares of the real estate investment trust’s stock after purchasing an additional 2,967 shares during the quarter. GAMMA Investing LLC’s holdings in Weyerhaeuser were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in WY. South Plains Financial Inc. acquired a new position in Weyerhaeuser during the 4th quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $27,000. Assetmark Inc. grew its stake in Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 922 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 807 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth $44,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. The Goldman Sachs Group downgraded Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. Truist Financial cut their price target on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. Finally, CIBC lowered their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.13.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $26.20 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04. The company has a market capitalization of $19.00 billion, a P/E ratio of 52.40, a PEG ratio of 33.33 and a beta of 1.14. The stock has a 50 day moving average price of $26.12 and a two-hundred day moving average price of $27.89. Weyerhaeuser Company has a fifty-two week low of $24.10 and a fifty-two week high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. Weyerhaeuser’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. Analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Friday, May 30th. Weyerhaeuser’s payout ratio is 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a share repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Weyerhaeuser Profile

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.