Becker Capital Management Inc. Reduces Position in Weyerhaeuser (NYSE:WY)

Becker Capital Management Inc. reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 33.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,358 shares of the real estate investment trust's stock after selling 76,375 shares during the quarter. Becker Capital Management Inc.'s holdings in Weyerhaeuser were worth $4,373,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its position in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 922 shares during the period. Asset Planning Inc bought a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $36,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 807 shares during the period. Lee Danner & Bass Inc. bought a new position in Weyerhaeuser in the fourth quarter worth approximately $44,000. Finally, Graney & King LLC purchased a new position in Weyerhaeuser during the 4th quarter worth $44,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial lowered their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. CIBC dropped their target price 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. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective on the stock. Finally, StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Stock Up 1.4 %

WY traded up $0.36 during trading on Friday, hitting $26.18. The stock had a trading volume of 3,512,765 shares, compared to its average volume of 3,730,455. The stock has a 50 day simple moving average of $27.86 and a two-hundred day simple moving average of $29.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a market capitalization of $19.00 billion, a PE ratio of 47.60, a PEG ratio of 4.74 and a beta of 1.25.

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

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.21 per share. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. Weyerhaeuser's payout ratio is presently 168.00%.

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.