Lombard Odier Asset Management Europe Ltd Makes New $4.58 Million Investment in Weyerhaeuser Company $WY

Lombard Odier Asset Management Europe Ltd acquired a new stake in Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent filing with the SEC. The firm acquired 191,531 shares of the real estate investment trust’s stock, valued at approximately $4,585,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WY. Parkside Financial Bank & Trust raised its position in shares of Weyerhaeuser by 21.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 428 shares during the last quarter. Summit Financial LLC boosted its holdings in Weyerhaeuser by 1.3% in the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 428 shares during the last quarter. BOKF NA boosted its holdings in Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 463 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Weyerhaeuser by 23.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 472 shares during the period. Finally, New Mexico Educational Retirement Board increased its position in Weyerhaeuser by 1.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 500 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WY has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Friday, July 10th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Price Performance

Shares of WY opened at $23.68 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75. The stock has a market cap of $17.07 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 1.24 and a beta of 0.89. The stock’s 50-day moving average price is $24.29 and its two-hundred day moving average price is $24.38.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. On average, equities analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser’s dividend payout ratio is presently 129.23%.

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.