Weyerhaeuser (NYSE:WY) Holdings Boosted by Raymond James Financial Services Advisors Inc.

Posted by Defense World Staff on May 15th, 2023

Weyerhaeuser logo Raymond James Financial Services Advisors Inc. boosted its position in shares of Weyerhaeuser (NYSE:WY – Get Rating) by 45.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 367,999 shares of the real estate investment trust’s stock after purchasing an additional 115,438 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.05% of Weyerhaeuser worth $11,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management boosted its stake in shares of Weyerhaeuser by 7.7% during the 3rd quarter. Financial Advocates Investment Management now owns 7,348 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 528 shares during the period. Simplicity Solutions LLC lifted its position in Weyerhaeuser by 93.2% during the 4th quarter. Simplicity Solutions LLC now owns 15,901 shares of the real estate investment trust’s stock worth $493,000 after acquiring an additional 7,670 shares during the last quarter. First Republic Investment Management Inc. lifted its position in Weyerhaeuser by 9.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 347,464 shares of the real estate investment trust’s stock worth $9,924,000 after acquiring an additional 30,881 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Weyerhaeuser by 3.1% during the 3rd quarter. Treasurer of the State of North Carolina now owns 406,727 shares of the real estate investment trust’s stock worth $11,616,000 after acquiring an additional 12,332 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Weyerhaeuser by 303.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 75,602 shares of the real estate investment trust’s stock worth $2,344,000 after acquiring an additional 56,855 shares during the last quarter. 80.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WY. Citigroup dropped their price objective on shares of Weyerhaeuser from $39.00 to $36.00 in a report on Thursday, April 6th. BMO Capital Markets dropped their price objective on shares of Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating on the stock in a report on Monday, February 6th. Truist Financial dropped their price objective on shares of Weyerhaeuser from $35.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, April 11th. Raymond James boosted their price objective on shares of Weyerhaeuser from $38.00 to $42.00 and gave the stock a “strong-buy” rating in a report on Monday, February 13th. Finally, DA Davidson raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and upped their target price for the company from $34.00 to $35.00 in a research note on Monday, April 10th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Weyerhaeuser Stock Up 0.3 %

Shares of WY stock opened at $29.83 on Monday. The firm has a fifty day moving average of $29.94 and a 200-day moving average of $31.25. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.40. Weyerhaeuser has a 12-month low of $27.36 and a 12-month high of $40.35. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 17.44 and a beta of 1.47.

Weyerhaeuser (NYSE:WY – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a net margin of 14.07% and a return on equity of 13.37%. The firm’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share. As a group, equities research analysts predict that Weyerhaeuser will post 0.87 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, June 1st. Weyerhaeuser’s dividend payout ratio (DPR) is currently 44.44%.

Weyerhaeuser Profile

(Get Rating)

Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.