Swedbank AB boosted its position in Weyerhaeuser Company (NYSE:WY – Free Report) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 969,745 shares of the real estate investment trust’s stock after buying an additional 96,744 shares during the period. Swedbank AB owned approximately 0.13% of Weyerhaeuser worth $22,973,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WY. First Eagle Investment Management LLC increased its position in Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after buying an additional 23,485,504 shares in the last quarter. Freestone Grove Partners LP increased its position in Weyerhaeuser by 124.5% in the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock valued at $166,030,000 after buying an additional 3,713,932 shares in the last quarter. Wellington Management Group LLP increased its position in Weyerhaeuser by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock valued at $982,847,000 after buying an additional 2,343,724 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Weyerhaeuser by 86.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,300,937 shares of the real estate investment trust’s stock valued at $106,620,000 after buying an additional 1,990,806 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in Weyerhaeuser during the 3rd quarter valued at about $48,986,000. 82.99% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup cut their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.
Weyerhaeuser Price Performance
WY stock opened at $23.67 on Tuesday. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86. The business has a 50-day simple moving average of $24.01 and a two-hundred day simple moving average of $24.19. The company has a market capitalization of $17.07 billion, a P/E ratio of 43.84, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.
Weyerhaeuser (NYSE:WY – Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Research analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.
Weyerhaeuser Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.
Weyerhaeuser Company 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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