Lecap Asset Management Ltd. Makes New $2.43 Million Investment in Weyerhaeuser (NYSE:WY)

Lecap Asset Management Ltd. bought a new position in Weyerhaeuser (NYSE:WY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 86,243 shares of the real estate investment trust’s stock, valued at approximately $2,428,000.

Other hedge funds have also added to or reduced their stakes in the company. Fiduciary Trust Co increased its position in Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares during the period. Wedmont Private Capital increased its stake in shares of Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 350 shares during the last quarter. HB Wealth Management LLC increased its holdings in Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares in the last quarter. Finally, CWM LLC increased its position in shares of Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 368 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE WY opened at $30.43 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock’s fifty day moving average is $29.62 and its two-hundred day moving average is $30.92. The firm has a market capitalization of $22.11 billion, a P/E ratio of 55.33 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, research analysts anticipate that Weyerhaeuser will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

WY has been the subject of several research reports. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday. Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. Finally, Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $35.00.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.