Weyerhaeuser (NYSE:WY) Stock Holdings Lifted by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its stake in Weyerhaeuser (NYSE:WY - Free Report) by 96.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899,773 shares of the real estate investment trust's stock after purchasing an additional 442,088 shares during the period. Deprince Race & Zollo Inc. owned about 0.12% of Weyerhaeuser worth $25,329,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WY. HB Wealth Management LLC lifted 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 valued at $423,000 after buying an additional 357 shares during the period. Texas Yale Capital Corp. grew its holdings in shares of Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock worth $279,000 after buying an additional 385 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in 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 purchasing an additional 416 shares in the last quarter. Unison Advisors LLC grew its holdings in Weyerhaeuser by 0.6% in the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock valued at $1,938,000 after buying an additional 419 shares in the last quarter. Finally, Wahed Invest LLC increased its position in Weyerhaeuser by 2.4% during the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WY shares. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. 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. Citigroup decreased their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Stock Performance

Shares of NYSE WY traded up $0.26 during trading on Friday, reaching $26.20. The stock had a trading volume of 4,948,248 shares, compared to its average volume of 3,756,156. The firm's 50 day moving average price is $27.40 and its two-hundred day moving average price is $29.23. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The stock has a market cap of $19.00 billion, a PE ratio of 47.64, a P/E/G ratio of 4.74 and a beta of 1.15. 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 (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. On average, research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

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

Weyerhaeuser Announces Dividend

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