Weyerhaeuser (NYSE:WY) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in Weyerhaeuser (NYSE:WY) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,066 shares of the real estate investment trust’s stock after purchasing an additional 9,951 shares during the period. NEOS Investment Management LLC’s holdings in Weyerhaeuser were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Fiduciary Trust Co lifted its stake in shares of Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after buying an additional 331 shares during the period. HB Wealth Management LLC lifted its position in Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 357 shares during the period. Integrated Wealth Concepts LLC grew its stake in Weyerhaeuser by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 367 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of Weyerhaeuser by 4.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 431 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WY shares. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Truist Financial lowered their price target 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. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $29.38 on Friday. The firm has a market cap of $21.32 billion, a PE ratio of 53.41, a P/E/G ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.10. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $30.02 and a 200 day moving average price of $30.71.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.86%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

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.