Janus Henderson Group PLC Has $2.57 Million Holdings in Weyerhaeuser Company $WY

Key Points

• Janus Henderson Group cut its Weyerhaeuser stake by 75.1% in the first quarter, selling 316,577 shares and retaining 105,233 shares valued at approximately $2.57 million.
• Weyerhaeuser reported quarterly EPS of $0.13, exceeding the $0.08 consensus estimate, while revenue reached $1.87 billion but declined 8.3% year over year.
• The company maintains a quarterly dividend of $0.21, equivalent to an annualized yield of about 3.3%. Analysts hold a “Moderate Buy” consensus rating with an average price target of $29, compared with a recent share price of $25.59.

Janus Henderson Group PLC lowered its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 75.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 105,233 shares of the real estate investment trust's stock after selling 316,577 shares during the period. Janus Henderson Group PLC's holdings in Weyerhaeuser were worth $2,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Addison Advisors LLC lifted its holdings in shares of Weyerhaeuser by 83.4% in the fourth 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 in the last quarter. Bayban bought a new stake in Weyerhaeuser during the fourth quarter worth $41,000. Costello Asset Management INC grew its holdings in 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 in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Weyerhaeuser in the 4th quarter valued at $43,000. Finally, Strive Financial Group LLC purchased a new stake in Weyerhaeuser in the 4th quarter valued at $45,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Up 0.6%

Shares of Weyerhaeuser stock opened at $25.59 on Friday. The firm has a market cap of $18.45 billion, a PE ratio of 39.38, a P/E/G ratio of 1.39 and a beta of 0.89. 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 stock has a fifty day moving average price of $24.30 and a 200-day moving average price of $24.60.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm earned $0.12 EPS. The firm's quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts anticipate that Weyerhaeuser Company will post 0.31 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 5th. Weyerhaeuser's payout ratio is presently 129.23%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WY. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Sunday, August 2nd. Citigroup lowered their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. DA Davidson reissued a "buy" rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Truist Financial reaffirmed a "hold" rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research report 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 objective for the company in a research note on Friday, July 10th. 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. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $29.00.

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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