Commonwealth Equity Services LLC increased its position in shares of Weyerhaeuser (NYSE:WY – Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,177 shares of the real estate investment trust’s stock after acquiring an additional 7,119 shares during the period. Commonwealth Equity Services LLC’s holdings in Weyerhaeuser were worth $7,417,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in WY. Eagle Bay Advisors LLC acquired a new stake in shares of Weyerhaeuser in the 2nd quarter valued at $26,000. Ridgewood Investments LLC bought a new position in Weyerhaeuser in the first quarter valued at about $28,000. Compagnie Lombard Odier SCmA acquired a new position in Weyerhaeuser during the fourth quarter worth about $29,000. WealthPlan Investment Management LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at approximately $29,000. Finally, Prestige Wealth Management Group LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at approximately $31,000. 79.54% of the stock is owned by institutional investors.
Analysts Set New Price Targets
WY has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, July 31st. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating and raised their price objective for the company from $34.00 to $38.00 in a report on Monday, July 10th. SpectralCast reiterated a “maintains” rating on shares of Weyerhaeuser in a research report on Wednesday, June 28th. DA Davidson lifted their price target on Weyerhaeuser from $35.00 to $40.00 in a research note on Friday, July 7th. Finally, Truist Financial raised their price objective on shares of Weyerhaeuser from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.29.
Weyerhaeuser Stock Performance
Shares of Weyerhaeuser stock opened at $33.09 on Thursday. The business has a 50-day simple moving average of $33.25 and a 200 day simple moving average of $31.21. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 34.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.42. Weyerhaeuser has a one year low of $27.36 and a one year high of $36.00.
Weyerhaeuser (NYSE:WY – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. Weyerhaeuser had a net margin of 8.80% and a return on equity of 8.32%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $1.06 EPS. Weyerhaeuser’s quarterly revenue was down 36.7% on a year-over-year basis. On average, research analysts anticipate that Weyerhaeuser will post 1.12 earnings per share for the current fiscal year.
Weyerhaeuser Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.30%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 79.17%.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
Featured Stories
- Five stocks we like better than Weyerhaeuser
- Most Active Stocks: Dollar Volume vs Share Volume
- Why Ambarella’s 20% Decline is a Strong Signal for New Investment
- What is a Mid Cap Stock? How to Invest
- Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers
- How to Invest in Music Stocks
- A Significant Reversal is in Sight for These 5 Med Tech Companies
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WY – Free Report).
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.
