Barings LLC increased its position in Weyerhaeuser Company (NYSE:WY – Free Report) by 48.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 154,951 shares of the real estate investment trust’s stock after purchasing an additional 50,494 shares during the period. Barings LLC’s holdings in Weyerhaeuser were worth $3,785,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WY. FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at $39,000. Addison Advisors LLC increased its stake in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 757 shares in the last quarter. Bayban purchased a new position in Weyerhaeuser during the 4th quarter valued at about $41,000. Costello Asset Management INC lifted its position in Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 976 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new stake in Weyerhaeuser during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on WY shares. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a report on Thursday, April 23rd. Citigroup cut their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. Finally, Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.00.
Weyerhaeuser Price Performance
Shares of NYSE WY opened at $24.44 on Friday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75. The firm has a market cap of $17.62 billion, a P/E ratio of 45.26, a PEG ratio of 1.28 and a beta of 0.89. The company has a 50 day moving average of $23.98 and a 200 day moving average of $24.62. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.
Weyerhaeuser (NYSE:WY – Get Free Report) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS 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 business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business posted $0.11 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, research analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.
Weyerhaeuser Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio is currently 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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