Lazard Asset Management LLC Trims Stock Holdings in Weyerhaeuser (NYSE:WY)

Lazard Asset Management LLC reduced its stake in Weyerhaeuser (NYSE:WY) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,542 shares of the real estate investment trust’s stock after selling 1,644 shares during the period. Lazard Asset Management LLC’s holdings in Weyerhaeuser were worth $2,492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. HB Wealth Management LLC raised its holdings in Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 357 shares during the period. Texas Yale Capital Corp. increased its stake in Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 385 shares during the period. Quadrant Capital Group LLC increased its stake in Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 416 shares during the period. Unison Advisors LLC increased its stake in Weyerhaeuser by 0.6% during the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock worth $1,938,000 after purchasing an additional 419 shares during the period. Finally, Wahed Invest LLC increased its stake in Weyerhaeuser by 2.4% during the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 420 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 0.9%

WY stock opened at $26.72 on Friday. The company’s 50 day moving average price is $27.03 and its 200 day moving average price is $29.05. 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 has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of 48.58, a PEG 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 earnings per share for the quarter, hitting analysts’ consensus estimates 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 in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, May 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 168.00%.

Weyerhaeuser declared that its Board of Directors has initiated a share buyback plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on WY shares. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. 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 price target on the stock. Truist Financial cut their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, CIBC cut their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.75.

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.