Longfellow Investment Management Co. LLC Makes New $2.76 Million Investment in Weyerhaeuser Company $WY

Longfellow Investment Management Co. LLC acquired a new position in shares of Weyerhaeuser Company (NYSE:WY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 116,404 shares of the real estate investment trust’s stock, valued at approximately $2,758,000. Weyerhaeuser comprises 0.6% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds have also recently bought and sold shares of WY. Goldman Sachs Group Inc. increased its holdings in shares of Weyerhaeuser by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after purchasing an additional 346,571 shares during the period. Empowered Funds LLC increased its holdings in shares of Weyerhaeuser by 3.4% during the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after purchasing an additional 1,498 shares during the period. Intech Investment Management LLC increased its holdings in shares of Weyerhaeuser by 5.9% during the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after purchasing an additional 3,124 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Weyerhaeuser during the second quarter worth approximately $275,000. Finally, Bank of Nova Scotia increased its holdings in shares of Weyerhaeuser by 10.2% during the second quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after purchasing an additional 8,500 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WY shares. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Citigroup lowered their target price 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. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a report on Thursday, April 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $24.51 on Friday. The company’s 50 day simple moving average is $24.18 and its 200 day simple moving average is $24.29. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.86.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. As a group, research analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 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.