Thrivent Financial for Lutherans Increases Holdings in Weyerhaeuser Company $WY

Thrivent Financial for Lutherans raised its stake in shares of Weyerhaeuser Company (NYSE:WY) by 167.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,774 shares of the real estate investment trust’s stock after buying an additional 94,421 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Weyerhaeuser were worth $3,572,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WY. Goldman Sachs Group Inc. raised its stake in Weyerhaeuser by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock valued at $65,878,000 after buying an additional 346,571 shares during the last quarter. Empowered Funds LLC raised its stake in Weyerhaeuser by 3.4% during the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock valued at $1,348,000 after buying an additional 1,498 shares during the last quarter. Intech Investment Management LLC raised its stake in Weyerhaeuser by 5.9% during the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock valued at $1,647,000 after buying an additional 3,124 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth $275,000. Finally, Bank of Nova Scotia increased its holdings in shares of Weyerhaeuser by 10.2% in the 2nd quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after purchasing an additional 8,500 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.6%

Weyerhaeuser stock opened at $23.67 on Friday. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 1.33 and a beta of 0.90. The stock has a fifty day simple moving average of $24.00 and a two-hundred day simple moving average of $24.17. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.86. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. Weyerhaeuser’s revenue was down 2.0% compared to the same quarter last year. Equities analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s payout ratio is presently 155.56%.

Analyst Ratings Changes

WY has been the subject of a number of research analyst reports. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Monday, May 4th. Truist Financial reduced their target price on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.