Ensign Peak Advisors Inc Sells 91,461 Shares of Weyerhaeuser (NYSE:WY)

Ensign Peak Advisors Inc reduced its position in shares of Weyerhaeuser (NYSE:WY) by 16.6% in the 4th quarter, Holdings Channel reports. The firm owned 460,701 shares of the real estate investment trust’s stock after selling 91,461 shares during the period. Ensign Peak Advisors Inc’s holdings in Weyerhaeuser were worth $12,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. increased its position in Weyerhaeuser by 101.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 141,681 shares of the real estate investment trust’s stock worth $3,988,000 after purchasing an additional 71,447 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Weyerhaeuser by 43.6% during the fourth quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust’s stock worth $118,140,000 after buying an additional 1,273,217 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Weyerhaeuser by 96.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 899,773 shares of the real estate investment trust’s stock valued at $25,329,000 after acquiring an additional 442,088 shares during the last quarter. Dean Capital Management bought a new position in shares of Weyerhaeuser in the 4th quarter valued at $1,441,000. Finally, Colonial Trust Co SC boosted its holdings in shares of Weyerhaeuser by 16.0% during the 4th quarter. Colonial Trust Co SC now owns 3,495 shares of the real estate investment trust’s stock valued at $98,000 after acquiring an additional 483 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WY. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC dropped their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a report on Tuesday, April 22nd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Truist Financial dropped their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.75.

Weyerhaeuser Stock Performance

Shares of WY opened at $26.20 on Monday. 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 firm’s fifty day simple moving average is $27.40 and its two-hundred day simple moving average is $29.19. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The stock has a market capitalization 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) last released its 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 business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

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

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. Weyerhaeuser’s payout ratio is presently 168.00%.

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.