Man Group plc Lowers Holdings in Weyerhaeuser (NYSE:WY)

Man Group plc lowered its holdings in shares of Weyerhaeuser (NYSE:WY) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,089 shares of the real estate investment trust’s stock after selling 12,896 shares during the quarter. Man Group plc’s holdings in Weyerhaeuser were worth $6,505,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. HB Wealth Management LLC boosted its position in Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 357 shares in the last quarter. Texas Yale Capital Corp. lifted its position 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 buying an additional 385 shares in the last quarter. Quadrant Capital Group LLC lifted its position 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 buying an additional 416 shares in the last quarter. Unison Advisors LLC lifted its position 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 buying an additional 419 shares in the last quarter. Finally, Wahed Invest LLC raised its position in Weyerhaeuser by 2.4% in the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust’s stock valued at $510,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 target price on the stock. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. CIBC decreased their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

Weyerhaeuser Stock Down 1.1%

Weyerhaeuser stock opened at $26.20 on Wednesday. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The stock has a 50 day moving average of $26.92 and a two-hundred day moving average of $28.96. 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 stock has a market capitalization of $19.00 billion, a price-to-earnings ratio of 47.64, 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 (EPS) for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its board has authorized a stock repurchase plan on Thursday, May 8th that permits the company to repurchase $1.00 billion in 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 often a sign that the company’s board of directors believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser’s payout ratio is currently 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.