Nomura Asset Management Co. Ltd. Has $6.19 Million Stock Holdings in Weyerhaeuser Company $WY

Nomura Asset Management Co. Ltd. raised its position in Weyerhaeuser Company (NYSE:WY) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 240,930 shares of the real estate investment trust’s stock after buying an additional 2,519 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $6,189,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser in the first quarter valued at about $29,000. Hantz Financial Services Inc. lifted its position in Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 521 shares during the period. Costello Asset Management INC bought a new position in shares of Weyerhaeuser in the 1st quarter valued at about $32,000. Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $36,000. Finally, Private Wealth Asset Management LLC grew its position in shares of Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY opened at $21.79 on Friday. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 57.34, a P/E/G ratio of 244.04 and a beta of 1.04. The business’s 50-day moving average price is $23.60 and its two-hundred day moving average price is $25.16. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $32.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Equities analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Wall Street Analysts Forecast Growth

WY has been the topic of several analyst reports. Truist Financial cut their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Citigroup dropped their target price on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Finally, Royal Bank Of Canada dropped their price objective on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.78.

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.