TCV Trust & Wealth Management Inc. Grows Stake in Weyerhaeuser (NYSE:WY)

TCV Trust & Wealth Management Inc. increased its holdings in shares of Weyerhaeuser (NYSE:WY) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,882 shares of the real estate investment trust’s stock after purchasing an additional 2,400 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Weyerhaeuser were worth $250,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser during the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the last quarter. Meeder Asset Management Inc. increased its position in Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser in the third quarter valued at approximately $45,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

WY has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Down 0.4 %

WY opened at $30.00 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 54.54, a PEG ratio of 4.69 and a beta of 1.42. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The business’s fifty day moving average is $29.50 and its two-hundred day moving average is $30.92.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

About Weyerhaeuser

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.