Firetrail Investments PTY Ltd. Makes New Investment in Weyerhaeuser Company $WY

Firetrail Investments PTY Ltd. bought a new position in Weyerhaeuser Company (NYSE:WY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 400,230 shares of the real estate investment trust’s stock, valued at approximately $9,523,000. Weyerhaeuser makes up about 2.7% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 16th largest position. Firetrail Investments PTY Ltd. owned about 0.06% of Weyerhaeuser as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in Weyerhaeuser by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock valued at $65,878,000 after acquiring an additional 346,571 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Weyerhaeuser by 3.4% in the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after purchasing an additional 1,498 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after purchasing an additional 3,124 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Weyerhaeuser in the second quarter worth $275,000. Finally, Bank of Nova Scotia raised its stake in shares of Weyerhaeuser by 10.2% in the second quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after purchasing an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.0%

WY stock opened at $24.55 on Monday. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 1.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. The business’s 50-day moving average is $24.35 and its two-hundred day moving average is $24.51. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.75.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted $0.12 EPS. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 4th. Weyerhaeuser’s payout ratio is 129.23%.

Analyst Ratings Changes

Several research firms have issued reports on WY. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Truist Financial restated a “hold” rating and issued a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

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.