Weyerhaeuser (NYSE:WY) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its stake in Weyerhaeuser (NYSE:WY - Free Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,152,534 shares of the real estate investment trust's stock after selling 51,620 shares during the period. Point72 Asset Management L.P. owned 0.16% of Weyerhaeuser worth $32,444,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WY. Truist Financial Corp grew its position in shares of Weyerhaeuser by 2.8% in 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. Sonora Investment Management Group LLC raised its position in shares of Weyerhaeuser by 56.5% in the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock valued at $1,458,000 after purchasing an additional 18,698 shares during the last quarter. Jones Financial Companies Lllp boosted 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 worth $323,000 after purchasing an additional 3,084 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Weyerhaeuser by 33.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust's stock worth $1,203,000 after purchasing an additional 10,601 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its stake in Weyerhaeuser by 3.8% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 344,722 shares of the real estate investment trust's stock valued at $9,704,000 after purchasing an additional 12,674 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

WY traded down $0.30 on Tuesday, reaching $26.20. The stock had a trading volume of 2,871,662 shares, compared to its average volume of 3,734,352. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The business's 50-day moving average price is $26.97 and its two-hundred day moving average price is $28.98. The company has a market cap of $19.00 billion, a P/E ratio of 47.64, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 8th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's payout ratio is presently 168.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target for the company. CIBC reduced 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. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, Truist Financial lowered their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser Company 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.