Praxis Investment Management Inc. Buys 20,670 Shares of Weyerhaeuser Company $WY

Key Points

• Praxis Investment Management Inc. significantly increased its stake in Weyerhaeuser Company, acquiring an additional 20,670 shares, resulting in a total ownership of 41,160 shares valued at approximately $1,057,000.
• Several major investors, including Vanguard Group Inc. and JPMorgan Chase & Co., also enhanced their holdings in Weyerhaeuser, indicating strong institutional interest in the stock.
• Analysts have mixed views on Weyerhaeuser's stock, with price targets ranging from $27.00 to $35.00, and an average rating of "Moderate Buy" alongside a consensus target price of $32.63.

Praxis Investment Management Inc. boosted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 100.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,160 shares of the real estate investment trust's stock after purchasing an additional 20,670 shares during the period. Praxis Investment Management Inc.'s holdings in Weyerhaeuser were worth $1,057,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Weyerhaeuser by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust's stock worth $3,331,356,000 after purchasing an additional 339,884 shares during the period. Wellington Management Group LLP grew its position in Weyerhaeuser by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust's stock worth $1,047,234,000 after purchasing an additional 193,854 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Weyerhaeuser by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock worth $349,368,000 after acquiring an additional 440,163 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Weyerhaeuser by 12.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,177,653 shares of the real estate investment trust's stock worth $267,062,000 after acquiring an additional 1,112,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Weyerhaeuser by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust's stock worth $267,561,000 after acquiring an additional 151,929 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday, October 13th. DA Davidson reiterated a "buy" rating and set a $35.00 price target on shares of Weyerhaeuser in a research note on Monday, September 29th. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, CIBC dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.63.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were acquired at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Stock Down 0.2%

WY opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a fifty-two week low of $23.43 and a fifty-two week high of $33.11. The firm's fifty day moving average is $25.12 and its 200 day moving average is $25.70. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 62.09, a price-to-earnings-growth ratio of 248.77 and a beta of 1.05.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.21 EPS. Weyerhaeuser's revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.6%. Weyerhaeuser's payout ratio is presently 221.05%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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