Siemens Fonds Invest GmbH boosted its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 130.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,627 shares of the real estate investment trust's stock after acquiring an additional 19,625 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Weyerhaeuser were worth $975,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of WY. South Plains Financial Inc. purchased a new position in Weyerhaeuser during the 4th quarter valued at $25,000. Assetmark Inc. lifted its holdings in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after buying an additional 922 shares during the period. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth $36,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after buying an additional 807 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 82.99% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on WY. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 target price for the company. CIBC lowered their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Truist Financial reduced their price target on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.
Get Our Latest Stock Analysis on Weyerhaeuser
Weyerhaeuser Stock Down 1.1%
NYSE:WY traded down $0.30 during mid-day trading on Tuesday, hitting $26.20. 2,871,662 shares of the company's stock traded hands, compared to its average volume of 3,734,352. The company has a fifty day moving average of $26.97 and a 200 day moving average of $28.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company has a market capitalization of $19.00 billion, a P/E ratio of 47.64, a P/E/G ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced 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. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. On average, analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.
Weyerhaeuser Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio is presently 168.00%.
Weyerhaeuser announced that its Board of Directors has approved a share repurchase program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.
About Weyerhaeuser
(
Free Report)
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.
See Also
Before you consider Weyerhaeuser, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weyerhaeuser wasn't on the list.
While Weyerhaeuser currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
