Syntax Research Inc. trimmed its stake in shares of Weyerhaeuser Company (NYSE:WY – Free Report) by 71.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,536 shares of the real estate investment trust’s stock after selling 53,996 shares during the period. Syntax Research Inc.’s holdings in Weyerhaeuser were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew 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 worth $891,242,000 after purchasing an additional 23,485,504 shares during the period. Norges Bank bought a new position in shares of Weyerhaeuser during the 4th quarter valued at $549,531,000. Freestone Grove Partners LP lifted its holdings in shares of Weyerhaeuser by 124.5% during 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 during the period. Wellington Management Group LLP boosted its stake in shares of 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 worth $982,847,000 after buying an additional 2,343,724 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 worth $106,620,000 after buying an additional 1,990,806 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Tuesday. Truist Financial reduced their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Finally, Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.
Weyerhaeuser Trading Down 1.7%
NYSE:WY opened at $23.54 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75. The business has a fifty day moving average price of $24.21 and a 200-day moving average price of $24.63.
Weyerhaeuser (NYSE:WY – Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $0.11 earnings per share. Weyerhaeuser’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts forecast that Weyerhaeuser Company will post 0.31 EPS for the current year.
Weyerhaeuser Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.
Weyerhaeuser 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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