Cerity Partners LLC lifted its position in shares of Weyerhaeuser (NYSE:WY – Get Rating) by 72.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,130 shares of the real estate investment trust’s stock after buying an additional 6,785 shares during the quarter. Cerity Partners LLC’s holdings in Weyerhaeuser were worth $612,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of WY. Stratos Wealth Partners LTD. increased its position in shares of Weyerhaeuser by 6.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 8,444 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 521 shares during the period. Coastal Investment Advisors Inc. acquired a new stake in Weyerhaeuser in the fourth quarter worth $212,000. Sarasin & Partners LLP grew its holdings in Weyerhaeuser by 16.7% in the fourth quarter. Sarasin & Partners LLP now owns 1,195,937 shares of the real estate investment trust’s stock worth $49,249,000 after purchasing an additional 171,505 shares during the period. Lantz Financial LLC grew its holdings in Weyerhaeuser by 1.2% in the fourth quarter. Lantz Financial LLC now owns 45,062 shares of the real estate investment trust’s stock worth $1,856,000 after purchasing an additional 544 shares during the period. Finally, Redpoint Investment Management Pty Ltd grew its holdings in Weyerhaeuser by 22.0% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 29,441 shares of the real estate investment trust’s stock worth $1,212,000 after purchasing an additional 5,300 shares during the period. Institutional investors own 82.38% of the company’s stock.
Weyerhaeuser stock opened at $34.68 on Tuesday. Weyerhaeuser has a 1-year low of $32.50 and a 1-year high of $43.04. The firm has a market capitalization of $25.82 billion, a price-to-earnings ratio of 9.66 and a beta of 1.50. The firm’s fifty day moving average price is $36.74 and its two-hundred day moving average price is $38.72. The company has a current ratio of 2.82, a quick ratio of 2.20 and a debt-to-equity ratio of 0.49.
Weyerhaeuser (NYSE:WY – Get Rating) last released its quarterly earnings data on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.24. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. On average, research analysts forecast that Weyerhaeuser will post 3.11 EPS for the current 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 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, June 2nd. Weyerhaeuser’s payout ratio is currently 20.06%.
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 bought at an average cost of $38.43 per share, with a total value of $115,290.00. Following the completion of the transaction, the director now directly owns 27,246 shares of the company’s stock, valued at $1,047,063.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.
WY has been the subject of a number of research reports. StockNews.com cut shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. Truist Financial initiated coverage on shares of Weyerhaeuser in a report on Wednesday, June 29th. They issued a “hold” rating and a $37.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Finally, BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a report on Monday, May 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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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