First Trust Advisors LP Acquires 426,178 Shares of Weyerhaeuser Company $WY

First Trust Advisors LP boosted its holdings in Weyerhaeuser Company (NYSE:WY) by 144.8% during the first quarter, Holdings Channel.com reports. The firm owned 720,538 shares of the real estate investment trust’s stock after acquiring an additional 426,178 shares during the quarter. First Trust Advisors LP’s holdings in Weyerhaeuser were worth $17,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WY. NovaPoint Capital LLC lifted its holdings in shares of Weyerhaeuser by 2.7% during the fourth quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 385 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Weyerhaeuser by 21.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 428 shares during the last quarter. Summit Financial LLC grew its stake in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 428 shares during the last quarter. BOKF NA grew its stake in shares of Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 463 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Weyerhaeuser by 23.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 472 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of a number of recent research reports. Citigroup lowered their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Truist Financial cut their target price on Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. Royal Bank Of Canada restated an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Trading Down 0.7%

NYSE:WY opened at $24.45 on Thursday. The company’s 50 day moving average price is $24.13 and its 200-day moving average price is $24.64. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.39 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.3 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Weyerhaeuser Profile

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.