Weyerhaeuser (NYSE:WY) Shares Bought by Focus Partners Wealth

Focus Partners Wealth grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,174 shares of the real estate investment trust’s stock after purchasing an additional 3,965 shares during the period. Focus Partners Wealth’s holdings in Weyerhaeuser were worth $1,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. HB Wealth Management LLC increased its holdings in shares of Weyerhaeuser by 2.4% in 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. Texas Yale Capital Corp. increased its holdings in shares of Weyerhaeuser by 4.0% in the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 385 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Weyerhaeuser by 13.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 416 shares during the period. Unison Advisors LLC increased its holdings in shares of Weyerhaeuser by 0.6% in the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock worth $1,938,000 after acquiring an additional 419 shares during the period. Finally, Wahed Invest LLC increased its holdings in shares of Weyerhaeuser by 2.4% in the 4th quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 420 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 0.9%

Weyerhaeuser stock opened at $26.72 on Friday. The stock has a market cap of $19.38 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 4.74 and a beta of 1.15. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $27.03 and its two-hundred day moving average price is $29.03. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser declared that its board has authorized a stock buyback plan on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.14%. Weyerhaeuser’s dividend payout ratio (DPR) is 168.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective on the stock. CIBC dropped 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. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Truist Financial dropped 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.75.

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.