PEAK6 LLC Takes Position in Weyerhaeuser Company $WY

PEAK6 LLC purchased a new position in shares of Weyerhaeuser Company (NYSE:WY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,594 shares of the real estate investment trust’s stock, valued at approximately $583,000.

A number of other hedge funds also recently modified their holdings of WY. Corient Private Wealth LLC increased its position in Weyerhaeuser by 8.5% in the fourth quarter. Corient Private Wealth LLC now owns 184,003 shares of the real estate investment trust’s stock worth $4,378,000 after buying an additional 14,492 shares during the last quarter. Flax Pond Capital LLC purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at $1,674,000. Hsbc Holdings PLC lifted its position in shares of Weyerhaeuser by 6.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,306,310 shares of the real estate investment trust’s stock valued at $30,960,000 after buying an additional 84,201 shares during the last quarter. Bayban bought a new position in shares of Weyerhaeuser during the 4th quarter worth $41,000. Finally, SHP Wealth Management bought a new position in shares of Weyerhaeuser during the 4th quarter worth $63,000. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

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

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $24.35 on Friday. The firm has a market capitalization of $17.55 billion, a P/E ratio of 45.09, a PEG ratio of 1.38 and a beta of 0.89. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75. 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 business has a fifty day moving average price of $24.23 and a 200-day moving average price of $24.47.

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

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

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.