Montag A & Associates Inc. raised its holdings in Weyerhaeuser Company (NYSE:WY – Free Report) by 106.8% during the first quarter, HoldingsChannel reports. The firm owned 122,009 shares of the real estate investment trust’s stock after buying an additional 63,010 shares during the period. Montag A & Associates Inc.’s holdings in Weyerhaeuser were worth $2,981,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $39,000. Addison Advisors LLC grew its holdings in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares during the last quarter. Bayban acquired a new position in Weyerhaeuser in the 4th quarter valued at about $41,000. Costello Asset Management INC increased its position in Weyerhaeuser by 118.9% in 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. purchased a new stake in Weyerhaeuser during the 4th quarter valued at approximately $43,000. 82.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
WY has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research note on Thursday, April 23rd. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, June 30th. Finally, Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. 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 3.4%
NYSE WY opened at $22.50 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $16.22 billion, a P/E ratio of 41.66, a P/E/G ratio of 1.34 and a beta of 0.89. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75. The firm has a 50-day moving average price of $24.04 and a 200 day moving average price of $24.63.
Weyerhaeuser (NYSE:WY – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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 company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser Company will post 0.31 EPS for the current year.
Weyerhaeuser Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 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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