Sterling Capital Management LLC decreased its stake in Weyerhaeuser Company (NYSE:WY – Free Report) by 84.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,818 shares of the real estate investment trust’s stock after selling 109,990 shares during the period. Sterling Capital Management LLC’s holdings in Weyerhaeuser were worth $397,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its stake in Weyerhaeuser by 524.8% during the second quarter. Assenagon Asset Management S.A. now owns 176,165 shares of the real estate investment trust’s stock valued at $4,217,000 after buying an additional 147,971 shares during the period. Hsbc Holdings PLC grew its holdings in Weyerhaeuser by 23.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,636,104 shares of the real estate investment trust’s stock worth $39,100,000 after acquiring an additional 305,983 shares during the last quarter. Markel Group Inc. lifted its stake in Weyerhaeuser by 585.7% in the second quarter. Markel Group Inc. now owns 120,000 shares of the real estate investment trust’s stock worth $2,873,000 after acquiring an additional 102,500 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser by 10.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock valued at $1,225,232,000 after purchasing an additional 4,885,818 shares during the period. Finally, SFE Investment Counsel boosted its holdings in Weyerhaeuser by 32.2% in the first quarter. SFE Investment Counsel now owns 209,041 shares of the real estate investment trust’s stock worth $5,107,000 after acquiring an additional 50,880 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reduced their price target on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperformer” rating for the company in a research note on Tuesday. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Friday, July 10th. DA Davidson cut their price target on Weyerhaeuser from $31.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.89.
Read Our Latest Research Report on Weyerhaeuser
Weyerhaeuser Stock Performance
Weyerhaeuser stock opened at $19.79 on Friday. The firm has a market capitalization of $14.26 billion, a P/E ratio of 91.38, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Weyerhaeuser Company has a 1-year low of $18.25 and a 1-year high of $27.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The company’s 50-day moving average is $20.96 and its 200 day moving average is $23.72.
Weyerhaeuser (NYSE:WY – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm posted $0.12 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Research analysts forecast that Weyerhaeuser Company will post 0.27 EPS for the current year.
Weyerhaeuser Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, September 4th. Weyerhaeuser’s dividend payout ratio is currently 129.23%.
Weyerhaeuser Company Profile
Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.
Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.
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