Impax Asset Management Group plc Raises Holdings in Weyerhaeuser Company $WY

Impax Asset Management Group plc lifted its stake in Weyerhaeuser Company (NYSE:WY) by 59.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,847 shares of the real estate investment trust’s stock after purchasing an additional 17,489 shares during the quarter. Impax Asset Management Group plc’s holdings in Weyerhaeuser were worth $1,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 409 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Weyerhaeuser by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock worth $756,000 after purchasing an additional 445 shares during the last quarter. Unison Advisors LLC raised its stake in shares of Weyerhaeuser by 0.7% in the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust’s stock worth $2,029,000 after purchasing an additional 455 shares during the last quarter. SPC Financial Inc. lifted its holdings in shares of Weyerhaeuser by 3.5% during the first quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 500 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in Weyerhaeuser by 11.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.4%

Shares of NYSE:WY opened at $22.13 on Friday. The business’s 50 day moving average price is $23.99 and its 200-day moving average price is $25.31. Weyerhaeuser Company has a 1 year low of $22.10 and a 1 year high of $32.70. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 58.23, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.05 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 186.67%.

Wall Street Analyst Weigh In

Several brokerages have commented on WY. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Thursday. CIBC decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Citigroup cut their price target on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank Of Canada decreased their price objective on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.25.

Weyerhaeuser Company Profile

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.