AdvisorNet Financial Inc lifted its position in shares of Weyerhaeuser (NYSE:WY – Get Rating) by 130.9% in the first quarter, Holdings Channel reports. The firm owned 1,194 shares of the real estate investment trust’s stock after purchasing an additional 677 shares during the period. AdvisorNet Financial Inc’s holdings in Weyerhaeuser were worth $45,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Chesley Taft & Associates LLC boosted its holdings in Weyerhaeuser by 3.8% in the 1st quarter. Chesley Taft & Associates LLC now owns 177,664 shares of the real estate investment trust’s stock worth $7,032,000 after acquiring an additional 6,542 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in Weyerhaeuser by 44.1% in the 1st quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 251 shares during the period. First Financial Corp IN purchased a new position in Weyerhaeuser in the 1st quarter worth approximately $48,000. Ferguson Wellman Capital Management Inc. boosted its holdings in Weyerhaeuser by 13.2% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 8,379 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 977 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Weyerhaeuser by 13.7% in the 1st quarter. State of Alaska Department of Revenue now owns 595,193 shares of the real estate investment trust’s stock worth $22,555,000 after acquiring an additional 71,544 shares during the period. Hedge funds and other institutional investors own 82.38% of the company’s stock.
In other news, Director Albert Monaco purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were acquired at an average cost of $38.43 per share, with a total value of $115,290.00. Following the transaction, the director now owns 27,246 shares in the company, valued at approximately $1,047,063.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.
Shares of WY opened at $33.98 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 9.47 and a beta of 1.48. Weyerhaeuser has a 52-week low of $32.50 and a 52-week high of $43.04. The business’s 50 day moving average is $37.55 and its two-hundred day moving average is $38.91.
Weyerhaeuser (NYSE:WY – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.24. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.99 billion. Weyerhaeuser had a return on equity of 27.03% and a net margin of 24.96%. The business’s revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. On average, equities analysts expect that Weyerhaeuser will post 3.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, June 2nd. Weyerhaeuser’s dividend payout ratio is currently 20.06%.
A number of research firms have weighed in on WY. The Goldman Sachs Group decreased their price target on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. StockNews.com lowered Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 4th. Truist Financial initiated coverage on Weyerhaeuser in a research report on Wednesday. They issued a “hold” rating and a $37.00 target price on the stock. Finally, BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a research report on Monday, May 2nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.20.
Weyerhaeuser Company Profile (Get Rating)
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.
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