Weyerhaeuser (NYSE:WY) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 89.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,257 shares of the real estate investment trust's stock after acquiring an additional 19,501 shares during the period. SG Americas Securities LLC's holdings in Weyerhaeuser were worth $1,208,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Truist Financial Corp raised its position in Weyerhaeuser by 2.8% during the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock worth $1,433,000 after buying an additional 1,373 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Weyerhaeuser by 36.7% in the 4th quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust's stock valued at $323,000 after acquiring an additional 3,084 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Weyerhaeuser by 16.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust's stock valued at $8,596,000 after acquiring an additional 42,630 shares during the last quarter. Principal Securities Inc. grew its stake in Weyerhaeuser by 12.2% in the 4th quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust's stock valued at $201,000 after acquiring an additional 779 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Weyerhaeuser by 12.5% during the 4th quarter. Cetera Investment Advisers now owns 70,319 shares of the real estate investment trust's stock worth $1,979,000 after purchasing an additional 7,810 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Citigroup decreased their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. CIBC decreased their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Truist Financial decreased their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $26.72 on Tuesday. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The firm's 50-day simple moving average is $26.04 and its 200 day simple moving average is $28.26. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock has a market cap of $19.38 billion, a P/E ratio of 48.58, a P/E/G ratio of 4.74 and a beta of 1.16.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Weyerhaeuser's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. Equities analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.14%. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Weyerhaeuser announced that its board has authorized a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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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