Janus Henderson Group PLC Sells 316,577 Shares of Weyerhaeuser Company $WY

Janus Henderson Group PLC lessened its position in shares of Weyerhaeuser Company (NYSE:WY) by 75.1% during the first quarter, Holdings Channel reports. The institutional investor owned 105,233 shares of the real estate investment trust’s stock after selling 316,577 shares during the quarter. Janus Henderson Group PLC’s holdings in Weyerhaeuser were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $7,870,000. Blume Capital Management Inc. lifted its stake in shares of Weyerhaeuser by 35.8% during the 4th quarter. Blume Capital Management Inc. now owns 186,973 shares of the real estate investment trust’s stock valued at $4,429,000 after buying an additional 49,275 shares in the last quarter. Pacific Heights Asset Management LLC boosted its holdings in Weyerhaeuser by 71.4% in the 4th quarter. Pacific Heights Asset Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $14,214,000 after buying an additional 250,000 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Weyerhaeuser in the 4th quarter valued at approximately $6,614,000. Finally, Draper Asset Management LLC purchased a new position in Weyerhaeuser in the 4th quarter valued at approximately $1,215,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE:WY opened at $25.59 on Friday. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 1.39 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. The stock has a fifty day moving average of $24.30 and a 200 day moving average of $24.60. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts expect that Weyerhaeuser Company will post 0.31 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 129.23%.

Analyst Ratings Changes

Several research firms have issued reports on WY. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Citigroup dropped their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Truist Financial reaffirmed a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. Finally, Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

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.