Weyerhaeuser Company $WY Stake Raised by Gabelli Funds LLC

Gabelli Funds LLC raised its holdings in Weyerhaeuser Company (NYSE:WY) by 9.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,955 shares of the real estate investment trust’s stock after acquiring an additional 20,955 shares during the quarter. Gabelli Funds LLC’s holdings in Weyerhaeuser were worth $6,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WY. FNY Investment Advisers LLC bought a new stake in Weyerhaeuser during the fourth quarter worth approximately $39,000. Addison Advisors LLC increased its holdings in shares of Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares in the last quarter. Bayban bought a new position in shares of Weyerhaeuser in the fourth quarter valued at $41,000. Costello Asset Management INC lifted its position in shares of Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 976 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Weyerhaeuser during the 4th quarter valued at $43,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Truist Financial reduced their target price on Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Friday, July 10th. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Trading Down 0.1%

Weyerhaeuser stock opened at $23.91 on Tuesday. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 44.27, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a 50 day moving average price of $24.07 and a 200 day moving average price of $24.62.

Weyerhaeuser (NYSE:WY) last announced 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 company had revenue of $1.73 billion for 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%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. Research analysts forecast that Weyerhaeuser Company will post 0.3 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was 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.