First Eagle Investment Management LLC Increases Stock Position in Weyerhaeuser Company $WY

Key Points

• First Eagle Investment Management increased its Weyerhaeuser stake by 10.6% in the second quarter, adding 4.89 million shares to own 51.18 million shares valued at approximately $1.23 billion, or 7.1% of the company.
• Weyerhaeuser reported quarterly EPS of $0.13, exceeding the $0.08 consensus estimate, while revenue reached $1.87 billion but declined 8.3% year over year. The company declared a quarterly dividend of $0.21, equivalent to a 3.6% yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $28.67 versus its reported share price of $23.04.

First Eagle Investment Management LLC boosted its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,179,282 shares of the real estate investment trust's stock after buying an additional 4,885,818 shares during the quarter. Weyerhaeuser makes up approximately 1.3% of First Eagle Investment Management LLC's investment portfolio, making the stock its 27th biggest holding. First Eagle Investment Management LLC owned about 7.10% of Weyerhaeuser worth $1,225,232,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Essential Partners LLC increased its holdings in shares of Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,208 shares during the period. Nvwm LLC grew its stake in Weyerhaeuser by 174.7% in the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 800 shares during the last quarter. Versant Capital Management Inc grew its stake in Weyerhaeuser by 77.6% in the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 617 shares during the last quarter. Compass Financial Management LLC bought a new position in Weyerhaeuser in the second quarter worth about $35,000. Finally, Addison Advisors LLC lifted its position in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 757 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of WY opened at $23.04 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The company's fifty day moving average price is $24.11 and its 200-day moving average price is $24.23. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75. The firm has a market capitalization of $16.61 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87.

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

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 4th. Weyerhaeuser's dividend payout ratio is 129.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WY. Wall Street Zen raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. Truist Financial reissued a "hold" rating and set a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. DA Davidson reaffirmed a "buy" rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Finally, Raymond James Financial upgraded Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.67.

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.

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