Engineers Gate Manager LP Has $39.61 Million Stock Position in Weyerhaeuser Company $WY

by · The Cerbat Gem

Engineers Gate Manager LP increased its stake in shares of Weyerhaeuser Company (NYSE:WY – Free Report) by 1,493.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,541,909 shares of the real estate investment trust’s stock after acquiring an additional 1,445,123 shares during the period. Weyerhaeuser comprises approximately 0.5% of Engineers Gate Manager LP’s investment portfolio, making the stock its 20th largest holding. Engineers Gate Manager LP’s holdings in Weyerhaeuser were worth $39,612,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WY. GKV Capital Management Co. Inc. acquired a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $29,000. Hantz Financial Services Inc. grew its stake in shares of Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares in the last quarter. Private Wealth Asset Management LLC increased its holdings in Weyerhaeuser by 135.2% during the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares during the last quarter. Operose Advisors LLC bought a new stake in Weyerhaeuser during the second quarter worth $41,000. Finally, GHP Investment Advisors Inc. raised its position in Weyerhaeuser by 375.5% during the second quarter. GHP Investment Advisors Inc. now owns 2,097 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,656 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Up 0.9%

Shares of WY stock opened at $23.40 on Friday. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66. The company has a market capitalization of $16.87 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 121.49 and a beta of 1.08. The firm has a 50 day moving average price of $22.88 and a two-hundred day moving average price of $24.77. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY – Get Free Report) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. As a group, analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WY. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. New Street Research set a $28.00 price target on Weyerhaeuser in a report on Friday. Royal Bank Of Canada lowered their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Weyerhaeuser in a research report on Monday. Finally, Bank of America reissued a “neutral” rating and set a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average price target of $28.33.

View Our Latest Stock Analysis on Weyerhaeuser

Weyerhaeuser Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY – Free Report).