Cambiar Investors LLC Purchases 55,769 Shares of Weyerhaeuser Company $WY

Key Points

• Cambiar Investors increased its Weyerhaeuser stake by 5.3% in the second quarter, purchasing 55,769 shares and bringing its total holdings to 1.10 million shares valued at approximately $26.3 million. Institutional investors own nearly 83% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $29.00; JPMorgan raised its target to $31.00 while Truist kept a hold rating.
• Weyerhaeuser beat quarterly earnings expectations with adjusted EPS of $0.13 versus $0.08 forecast and revenue of $1.87 billion, though revenue declined 8.3% year over year. The company also declared a $0.21 quarterly dividend, equivalent to a 3.4% annualized yield.

Cambiar Investors LLC increased its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,099,393 shares of the real estate investment trust's stock after buying an additional 55,769 shares during the quarter. Cambiar Investors LLC owned 0.15% of Weyerhaeuser worth $26,319,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Essential Partners LLC increased its stake in shares of Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,208 shares in the last quarter. Nvwm LLC grew its holdings in Weyerhaeuser by 174.7% during the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 800 shares during the period. Versant Capital Management Inc grew its holdings in Weyerhaeuser by 77.6% during the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 617 shares during the period. Addison Advisors LLC increased its position in Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust's stock worth $39,000 after buying an additional 757 shares in the last quarter. Finally, Bayban purchased a new stake in Weyerhaeuser in the fourth quarter worth about $41,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial reaffirmed a "hold" rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. 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. Weiss Ratings raised shares of Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

Weyerhaeuser Stock Performance

NYSE:WY opened at $24.55 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The stock has a 50-day moving average price of $24.35 and a 200 day moving average price of $24.53. The stock has a market capitalization 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.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the previous year, the firm earned $0.12 EPS. The firm's revenue was down 8.3% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser's dividend payout ratio is currently 129.23%.

Weyerhaeuser Profile

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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