Twin Tree Management LP Grows Holdings in Weyerhaeuser Company $WY

Twin Tree Management LP increased its position in shares of Weyerhaeuser Company (NYSE:WY) by 96,034.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,995 shares of the real estate investment trust’s stock after buying an additional 24,969 shares during the period. Twin Tree Management LP’s holdings in Weyerhaeuser were worth $592,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $39,000. Addison Advisors LLC increased its position in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth about $42,000. Costello Asset Management INC increased its position in shares of Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 976 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $43,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.6%

NYSE WY opened at $24.09 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The company has a 50-day simple moving average of $24.19 and a 200-day simple moving average of $24.33. The firm has a market capitalization of $17.37 billion, a PE ratio of 44.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.86.

Weyerhaeuser (NYSE:WY) last posted its earnings results 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 firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. Weyerhaeuser’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. On average, equities analysts forecast 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 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 yield of 3.5%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WY shares. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Truist Financial dropped their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a report on Thursday, April 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.88.

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.