Weyerhaeuser Company $WY Shares Purchased by Twin Tree Management LP

Twin Tree Management LP grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 96,034.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,995 shares of the real estate investment trust’s stock after acquiring an additional 24,969 shares during the period. Twin Tree Management LP’s holdings in Weyerhaeuser were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WY. First Eagle Investment Management LLC raised its position in shares of Weyerhaeuser by 166.1% during the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after buying an additional 23,485,504 shares in the last quarter. Norges Bank bought a new stake in shares of Weyerhaeuser during the 4th quarter worth about $549,531,000. Freestone Grove Partners LP raised its position in shares of Weyerhaeuser by 124.5% during the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock worth $166,030,000 after buying an additional 3,713,932 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Weyerhaeuser by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after buying an additional 2,343,724 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Weyerhaeuser by 86.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,300,937 shares of the real estate investment trust’s stock worth $106,620,000 after buying an additional 1,990,806 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 1.6%

NYSE WY opened at $24.09 on Tuesday. 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 company’s 50 day simple moving average is $24.19 and its 200 day simple moving average is $24.33. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.86. The company has a market capitalization of $17.37 billion, a P/E ratio of 44.60, a PEG ratio of 1.39 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

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

Analyst Ratings Changes

WY has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, May 4th. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average target price of $28.88.

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.