California State Teachers Retirement System Acquires 24,696,247 Shares of Weyerhaeuser Company $WY

Key Points

• California State Teachers Retirement System sharply increased its Weyerhaeuser stake by purchasing 24.7 million shares, bringing its holdings to 25.5 million shares valued at about $611 million, or 3.54% of the company.
• Institutional ownership remains high at 82.99%, with several major investors—including Norges Bank, Bank of New York Mellon and Wellington Management—also adding or initiating positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $28.67. Weyerhaeuser also reported quarterly EPS of $0.13, ahead of estimates, and declared a $0.21 quarterly dividend yielding approximately 3.8%.

California State Teachers Retirement System raised its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 2,980.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,524,804 shares of the real estate investment trust's stock after purchasing an additional 24,696,247 shares during the quarter. California State Teachers Retirement System owned 3.54% of Weyerhaeuser worth $611,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Weyerhaeuser in the fourth quarter worth about $549,531,000. Bank of New York Mellon Corp purchased a new position in Weyerhaeuser during the 2nd quarter valued at about $468,969,000. Wellington Management Group LLP increased its position in Weyerhaeuser by 14.3% during the 2nd quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust's stock valued at $1,043,164,000 after purchasing an additional 5,437,685 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at about $101,969,000. Finally, Kopernik Global Investors LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at about $46,529,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WY shares. DA Davidson reiterated a "buy" rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Citigroup reduced their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Raymond James Financial upgraded Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 target price for the company in a report on Friday, July 10th. Weiss Ratings raised Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.67.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $22.22 on Tuesday. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The business's fifty day simple moving average is $23.94 and its 200-day simple moving average is $24.09. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The company has a market cap of $16.02 billion, a PE ratio of 34.19, a PEG ratio of 2.10 and a beta of 0.87.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm's quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. Analysts expect that Weyerhaeuser Company will post 0.33 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser's payout ratio is currently 129.23%.

Weyerhaeuser Company Profile

Weyerhaeuser NYSE: WY is a timberland owner and forest products company. Founded in 1900, the company owns or manages millions of acres of timberlands in the United States and Canada and sustainably grows, harvests and replenishes trees for use in construction and other applications.

Weyerhaeuser's products include lumber, oriented strand board, engineered wood products, structural panels and other building materials used in residential and commercial construction. The company also generates income from timber, logs, real estate and strategically managed natural-resource properties.

In addition to its forest products operations, Weyerhaeuser provides natural climate solutions, including carbon-storage opportunities associated with its timberlands.

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