Handelsbanken Fonder AB Reduces Stock Holdings in Weyerhaeuser Company $WY

Key Points

• Handelsbanken Fonder AB reduced its Weyerhaeuser stake by 17.9% in the second quarter, selling 48,885 shares and retaining 223,900 shares valued at approximately $5.36 million. Institutional investors collectively own 82.99% of the company.
• Weyerhaeuser reported quarterly EPS of $0.13, beating estimates of $0.08, while revenue reached $1.87 billion but declined 8.3% year over year. The stock recently traded at $24.55, below the analyst consensus price target of $29.00.
• The company declared a quarterly dividend of $0.21 per share, equivalent to an annualized $0.84 dividend and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus rating, with most targets ranging near $29–$31.

Handelsbanken Fonder AB cut its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 17.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 223,900 shares of the real estate investment trust's stock after selling 48,885 shares during the quarter. Handelsbanken Fonder AB's holdings in Weyerhaeuser were worth $5,360,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Essential Partners LLC grew its stake in shares of Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,208 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 617 shares in the last quarter. Addison Advisors LLC raised its position in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 757 shares during the last quarter. Bayban acquired a new stake in Weyerhaeuser in the 4th quarter worth approximately $41,000. Finally, Costello Asset Management INC lifted its stake in shares of Weyerhaeuser by 118.9% during the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust's stock worth $43,000 after buying an additional 976 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Trading Down 1.1%

NYSE WY opened at $24.55 on Friday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75. 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 capitalization of $17.70 billion, a PE ratio of 37.78, a P/E/G ratio of 1.33 and a beta of 0.89. The company has a fifty day moving average of $24.35 and a 200 day moving average of $24.53.

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

Weyerhaeuser Dividend Announcement

The business also recently declared 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. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 4th. Weyerhaeuser's dividend payout ratio (DPR) is currently 129.23%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WY shares. JPMorgan Chase & Co. upped their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. Truist Financial reaffirmed a "hold" rating and set a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Weyerhaeuser in a report on Tuesday, June 30th. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Sunday, August 2nd. Finally, Citigroup decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

Weyerhaeuser Company 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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