Winslow Asset Management Inc. Buys 1,634 Shares of Weyerhaeuser (NYSE:WY)

Winslow Asset Management Inc. raised its stake in shares of Weyerhaeuser (NYSE:WYFree Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,215 shares of the real estate investment trust’s stock after purchasing an additional 1,634 shares during the period. Winslow Asset Management Inc.’s holdings in Weyerhaeuser were worth $5,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Weyerhaeuser by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock valued at $1,682,437,000 after acquiring an additional 888,621 shares during the last quarter. Norges Bank bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $753,497,000. JPMorgan Chase & Co. lifted its holdings in shares of Weyerhaeuser by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after acquiring an additional 58,688 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after acquiring an additional 3,573,013 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Weyerhaeuser by 4.7% in the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock valued at $363,129,000 after acquiring an additional 532,923 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of analyst reports. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Truist Financial reissued a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada reduced their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.67.

Check Out Our Latest Stock Report on WY

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at $170,226. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Trading Down 0.5 %

Shares of NYSE:WY traded down $0.14 during trading on Friday, reaching $28.88. 872,462 shares of the company were exchanged, compared to its average volume of 3,407,726. The firm has a market capitalization of $21.05 billion, a PE ratio of 26.38 and a beta of 1.43. The business’s fifty day simple moving average is $31.04 and its 200-day simple moving average is $32.73. Weyerhaeuser has a 12-month low of $28.26 and a 12-month high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. On average, research analysts anticipate that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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