42,031 Shares in Weyerhaeuser (NYSE:WY) Purchased by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 42,031 shares of the real estate investment trust's stock, valued at approximately $1,183,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. South Plains Financial Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth approximately $25,000. Assetmark Inc. boosted its holdings in shares of 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 purchasing an additional 922 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at $36,000. TD Waterhouse Canada Inc. increased its holdings in shares of Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after buying an additional 807 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Weyerhaeuser in the 4th quarter worth $44,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WY has been the subject of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC cut their price target 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. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Truist Financial cut their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Stock Up 1.0 %

Weyerhaeuser stock traded up $0.26 during midday trading on Friday, hitting $26.20. The stock had a trading volume of 4,948,248 shares, compared to its average volume of 3,750,153. The business has a fifty day moving average price of $27.49 and a 200 day moving average price of $29.26. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The stock has a market cap of $19.00 billion, a P/E ratio of 47.64, a P/E/G 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.

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

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio is presently 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a share buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.