Evolve Private Wealth LLC Makes New Investment in Weyerhaeuser Company $WY

Evolve Private Wealth LLC bought a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,891 shares of the real estate investment trust’s stock, valued at approximately $633,000.

Several other large investors also recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $39,000. Addison Advisors LLC boosted its position 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 worth $39,000 after purchasing an additional 757 shares during the period. Optiver Holding B.V. bought a new stake in Weyerhaeuser during the third quarter worth approximately $42,000. Bayban acquired a new position in Weyerhaeuser during the fourth quarter valued at approximately $41,000. Finally, Costello Asset Management INC raised its position in shares of Weyerhaeuser by 118.9% in the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 976 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $25.33 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 46.90, a P/E/G ratio of 1.39 and a beta of 0.89. The company’s fifty day moving average is $24.22 and its two-hundred day moving average is $24.55. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s payout ratio is currently 155.56%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WY shares. DA Davidson restated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial decreased their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research report on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $28.88.

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.