7,100 Shares in Weyerhaeuser (NYSE:WY) Acquired by Washington Capital Management Inc.

Washington Capital Management Inc. purchased a new position in Weyerhaeuser (NYSE:WY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,100 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after acquiring an additional 1,373 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Weyerhaeuser by 36.7% in the fourth quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 3,084 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Weyerhaeuser by 16.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust’s stock worth $8,596,000 after acquiring an additional 42,630 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Weyerhaeuser in the fourth quarter worth approximately $365,000. Finally, Principal Securities Inc. raised its holdings in Weyerhaeuser by 12.2% during the fourth quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WY shares. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 23rd. Truist Financial cut their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Citigroup cut their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, June 3rd. CIBC cut their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.25.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $26.74 on Friday. The firm’s fifty day simple moving average is $25.95 and its 200-day simple moving average is $28.48. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 48.62, a PEG ratio of 4.74 and a beta of 1.16. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. As a group, equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.14%. Weyerhaeuser’s payout ratio is 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a share repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.