Sigma Planning Corp boosted its stake in Weyerhaeuser (NYSE:WY – Get Rating) by 69.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,581 shares of the real estate investment trust’s stock after acquiring an additional 10,491 shares during the period. Sigma Planning Corp’s holdings in Weyerhaeuser were worth $970,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its position in Weyerhaeuser by 0.5% during the 4th quarter. BlackRock Inc. now owns 57,396,782 shares of the real estate investment trust’s stock worth $2,363,599,000 after purchasing an additional 269,617 shares during the period. State Street Corp increased its position in Weyerhaeuser by 5.2% during the 4th quarter. State Street Corp now owns 31,466,169 shares of the real estate investment trust’s stock worth $1,295,777,000 after purchasing an additional 1,546,975 shares during the period. JPMorgan Chase & Co. increased its position in Weyerhaeuser by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 19,489,403 shares of the real estate investment trust’s stock worth $802,574,000 after purchasing an additional 1,393,739 shares during the period. Geode Capital Management LLC increased its position in Weyerhaeuser by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 16,321,125 shares of the real estate investment trust’s stock worth $670,801,000 after purchasing an additional 372,177 shares during the period. Finally, Norges Bank acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $580,040,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.
WY stock opened at $33.98 on Tuesday. Weyerhaeuser has a 1 year low of $32.50 and a 1 year high of $43.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.20 and a current ratio of 2.82. The stock’s 50 day moving average price is $37.39 and its 200 day moving average price is $38.86. The firm has a market cap of $25.30 billion, a P/E ratio of 9.47 and a beta of 1.50.
Weyerhaeuser (NYSE:WY – Get Rating) last issued its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.24. Weyerhaeuser had a return on equity of 27.03% and a net margin of 24.96%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. On average, research analysts predict that Weyerhaeuser will post 3.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.12%. Weyerhaeuser’s payout ratio is 20.06%.
Several equities analysts have issued reports on the company. Truist Financial started coverage on Weyerhaeuser in a research report on Wednesday, June 29th. They set a “hold” rating and a $37.00 target price on the stock. The Goldman Sachs Group decreased their price target on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a research note on Monday, May 2nd. Finally, StockNews.com lowered Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.
In related news, Director Albert Monaco purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was purchased at an average cost of $38.43 per share, for a total transaction of $115,290.00. Following the acquisition, the director now owns 27,246 shares in the company, valued at $1,047,063.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.22% of the company’s stock.
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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