Bleakley Financial Group LLC Purchases 21,801 Shares of Weyerhaeuser Company $WY

Bleakley Financial Group LLC grew its position in shares of Weyerhaeuser Company (NYSE:WY) by 29.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,810 shares of the real estate investment trust’s stock after buying an additional 21,801 shares during the quarter. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of WY. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser during the 4th quarter valued at $39,000. Addison Advisors LLC lifted its holdings in shares of Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the period. Optiver Holding B.V. bought a new position in shares of Weyerhaeuser during the 3rd quarter valued at $42,000. Costello Asset Management INC lifted its holdings in shares of Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Weyerhaeuser during the 4th quarter valued at $43,000. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on WY. DA Davidson reissued a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Monday, May 4th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.88.

Weyerhaeuser Stock Up 2.9%

Shares of WY opened at $24.50 on Thursday. The business’s 50 day moving average is $24.03 and its 200 day moving average is $24.21. The company has a market capitalization of $17.67 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Research analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.