SFE Investment Counsel Has $4.61 Million Stock Position in Weyerhaeuser Company (NYSE:WY)

SFE Investment Counsel boosted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 20.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,308 shares of the real estate investment trust's stock after acquiring an additional 26,635 shares during the quarter. SFE Investment Counsel's holdings in Weyerhaeuser were worth $4,606,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Weyerhaeuser during the 4th quarter valued at approximately $256,000. American Century Companies Inc. increased its stake in shares of Weyerhaeuser by 31.2% in the fourth quarter. American Century Companies Inc. now owns 342,740 shares of the real estate investment trust's stock worth $9,648,000 after buying an additional 81,484 shares during the last quarter. Congress Wealth Management LLC DE raised its holdings in Weyerhaeuser by 2.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 55,426 shares of the real estate investment trust's stock valued at $1,560,000 after acquiring an additional 1,253 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Weyerhaeuser by 4.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 431 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in Weyerhaeuser by 1.9% during the 4th quarter. Financial Counselors Inc. now owns 30,493 shares of the real estate investment trust's stock worth $858,000 after acquiring an additional 575 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Truist Financial reduced their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. DA Davidson lowered their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Finally, Citigroup decreased their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Weyerhaeuser Price Performance

NYSE WY traded up $0.82 on Friday, reaching $26.50. 8,976,830 shares of the stock traded hands, compared to its average volume of 5,041,261. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a market cap of $19.22 billion, a price-to-earnings ratio of 69.75, a P/E/G ratio of 54.50 and a beta of 1.14. The firm's fifty day simple moving average is $26.13 and its 200 day simple moving average is $27.63. The company has a quick ratio of 1.26, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.93% and a net margin of 3.97%. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company's quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.17%. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Weyerhaeuser announced that its Board of Directors has authorized a share buyback program on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

About Weyerhaeuser

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.