Tidal Investments LLC Has $8.45 Million Position in Weyerhaeuser (NYSE:WY)

Tidal Investments LLC raised its position in Weyerhaeuser (NYSE:WY) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,993 shares of the real estate investment trust’s stock after acquiring an additional 41,828 shares during the quarter. Tidal Investments LLC’s holdings in Weyerhaeuser were worth $8,445,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WY. Barclays PLC lifted its stake in Weyerhaeuser by 9.6% in the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust’s stock valued at $59,406,000 after acquiring an additional 153,919 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Weyerhaeuser by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 100,138 shares of the real estate investment trust’s stock worth $2,819,000 after buying an additional 4,044 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 357 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Weyerhaeuser by 7.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,263 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 521 shares during the last quarter. Finally, Clarius Group LLC lifted its stake in shares of Weyerhaeuser by 7.6% during the 4th quarter. Clarius Group LLC now owns 7,636 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE:WY opened at $26.49 on Tuesday. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 4.74 and a beta of 1.15. The firm’s 50-day simple moving average is $26.97 and its 200 day simple moving average is $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.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm earned $0.16 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

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

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser’s dividend payout ratio is currently 168.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WY. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price for the company. CIBC lowered their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 22nd. 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 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.75.

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.