Longfellow Investment Management Co. LLC Invests $2.76 Million in Weyerhaeuser Company $WY

Longfellow Investment Management Co. LLC acquired a new position in shares of Weyerhaeuser Company (NYSE:WY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 116,404 shares of the real estate investment trust’s stock, valued at approximately $2,758,000. Weyerhaeuser comprises 0.6% of Longfellow Investment Management Co. LLC’s holdings, making the stock its 22nd largest position.

Other large investors also recently modified their holdings of the company. Citigroup Inc. boosted its stake in shares of Weyerhaeuser by 68.5% during the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after buying an additional 669,451 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Weyerhaeuser by 2.1% during the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock worth $56,310,000 after buying an additional 47,709 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth about $1,154,000. Cambria Investment Management L.P. acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth about $1,265,000. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Weyerhaeuser by 442.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 279,600 shares of the real estate investment trust’s stock worth $6,931,000 after buying an additional 228,100 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.8%

Shares of NYSE:WY opened at $24.51 on Friday. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86. The company has a market capitalization of $17.67 billion, a P/E ratio of 45.39, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The company has a 50-day simple moving average of $24.18 and a 200 day simple moving average of $24.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup cut their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.