Praxis Investment Management Inc. Sells 30,740 Shares of Weyerhaeuser Company $WY

Praxis Investment Management Inc. lowered its holdings in Weyerhaeuser Company (NYSE:WY) by 74.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,420 shares of the real estate investment trust’s stock after selling 30,740 shares during the quarter. Praxis Investment Management Inc.’s holdings in Weyerhaeuser were worth $258,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WY. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $29,000. Hantz Financial Services Inc. increased its position in Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 521 shares during the period. Private Wealth Asset Management LLC raised its stake in Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 807 shares during the last quarter. Operose Advisors LLC bought a new stake in Weyerhaeuser in the 2nd quarter valued at $41,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Weyerhaeuser in the 2nd quarter valued at $49,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday. Citigroup decreased their target price on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Royal Bank Of Canada cut their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Bank of America reiterated a “neutral” rating and issued a $26.00 price objective (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Finally, Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Weyerhaeuser Stock Performance

NYSE:WY opened at $23.30 on Wednesday. The firm has a market capitalization of $16.80 billion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 122.28 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66. The firm has a 50-day moving average price of $22.82 and a 200 day moving average price of $24.71.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s dividend payout ratio is 186.67%.

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.