Aberdeen Group plc Acquires 125,264 Shares of Weyerhaeuser Company $WY

Key Points

• Aberdeen Group increased its Weyerhaeuser stake by 13.8% in the second quarter, acquiring 125,264 shares and bringing its total holdings to 1.03 million shares valued at approximately $24.7 million.
• Analysts maintain a generally positive outlook, with Weyerhaeuser receiving a consensus “Moderate Buy” rating and an average price target of $29.00; Raymond James upgraded the stock to “strong buy.”
• Weyerhaeuser reported quarterly EPS of $0.13, beating estimates, while revenue fell 8.3% year over year. The company declared a quarterly dividend of $0.21, representing an annualized yield of about 3.4%.

Aberdeen Group plc boosted its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 13.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,032,157 shares of the real estate investment trust's stock after purchasing an additional 125,264 shares during the quarter. Aberdeen Group plc owned about 0.14% of Weyerhaeuser worth $24,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WY. Goldman Sachs Group Inc. boosted its holdings in Weyerhaeuser by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust's stock worth $65,878,000 after acquiring an additional 346,571 shares in the last quarter. Empowered Funds LLC increased its stake in Weyerhaeuser by 3.4% during the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust's stock valued at $1,348,000 after purchasing an additional 1,498 shares in the last quarter. Intech Investment Management LLC raised its holdings in Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust's stock worth $1,647,000 after buying an additional 3,124 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Weyerhaeuser in the second quarter worth about $275,000. Finally, Bank of Nova Scotia increased its position in shares of Weyerhaeuser by 10.2% during the second quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust's stock valued at $2,354,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on WY. Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. Royal Bank Of Canada restated an "outperform" rating and set a $30.00 target price on shares of Weyerhaeuser in a research note on Friday, July 17th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, Raymond James Financial upgraded shares of Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.55 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The company has a market cap of $17.70 billion, a P/E ratio of 37.78, a P/E/G ratio of 1.33 and a beta of 0.89. The stock has a 50-day moving average of $24.35 and a two-hundred day moving average of $24.53. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $1.87 billion during 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%.Weyerhaeuser's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. As a group, analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is currently 129.23%.

About Weyerhaeuser

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.

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