Lecap Asset Management Ltd. Takes Position in Weyerhaeuser (NYSE:WY)

Lecap Asset Management Ltd. bought a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 86,243 shares of the real estate investment trust's stock, valued at approximately $2,428,000.

A number of other large investors have also modified their holdings of the business. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser during the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares during the period. Meeder Asset Management Inc. lifted its holdings in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 719 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the third quarter valued at approximately $45,000. Finally, Capital Performance Advisors LLP purchased a new position in Weyerhaeuser in the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Down 0.5 %

NYSE WY traded down $0.14 on Tuesday, hitting $29.98. 722,177 shares of the stock were exchanged, compared to its average volume of 3,490,754. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a 50-day moving average price of $29.50 and a 200-day moving average price of $30.92. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a market cap of $21.78 billion, a PE ratio of 54.54, a PEG ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Sell-side analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WY shares. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Truist Financial cut their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Finally, Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Company Profile

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.