BNP Paribas Financial Markets Increases Stake in Weyerhaeuser Company $WY

BNP Paribas Financial Markets raised its stake in Weyerhaeuser Company (NYSE:WY) by 80.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,157,006 shares of the real estate investment trust’s stock after purchasing an additional 964,297 shares during the quarter. BNP Paribas Financial Markets’ holdings in Weyerhaeuser were worth $51,099,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $39,000. Addison Advisors LLC raised its holdings in Weyerhaeuser by 83.4% during the 4th 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 during the last quarter. Optiver Holding B.V. purchased a new stake in Weyerhaeuser during the 3rd quarter valued at $42,000. Costello Asset Management INC raised its stake in shares of Weyerhaeuser by 118.9% during the fourth 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. bought a new stake in shares of Weyerhaeuser in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WY. Truist Financial decreased their target price on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Citigroup cut their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Price Performance

WY opened at $24.35 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a market cap of $17.56 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The stock has a fifty day simple moving average of $24.08 and a two-hundred day simple moving average of $24.24. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. Research analysts predict 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. Shareholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Weyerhaeuser 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.