Alesco Advisors LLC An ESL Co Takes Position in Weyerhaeuser Company $WY

Alesco Advisors LLC An ESL Co purchased a new stake in Weyerhaeuser Company (NYSE:WY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,377 shares of the real estate investment trust’s stock, valued at approximately $791,000.

Several other large investors have also recently bought and sold shares of WY. Goldman Sachs Group Inc. lifted its stake in shares of Weyerhaeuser by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock valued at $65,878,000 after purchasing an additional 346,571 shares during the period. Empowered Funds LLC grew its position in 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 buying an additional 1,498 shares during the period. Intech Investment Management LLC increased its holdings in Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock valued at $1,647,000 after buying an additional 3,124 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Weyerhaeuser in the second quarter valued at about $275,000. Finally, Bank of Nova Scotia lifted its position in shares of Weyerhaeuser by 10.2% during the 2nd quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock valued at $2,354,000 after acquiring an additional 8,500 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.5%

WY opened at $23.59 on Wednesday. The business’s fifty day simple moving average is $24.01 and its 200 day simple moving average is $24.63. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. The firm has a market cap of $17.01 billion, a P/E ratio of 43.69, a PEG ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The company 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 revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. As a group, equities research analysts anticipate that Weyerhaeuser Company will post 0.3 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a $0.21 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.6%. Weyerhaeuser’s payout ratio is 155.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WY shares. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 10th. Truist Financial lowered their target price on Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

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.