Principal Financial Group Inc. Grows Stock Holdings in Weyerhaeuser Company $WY

Principal Financial Group Inc. increased its position in Weyerhaeuser Company (NYSE:WY) by 3.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,982,030 shares of the real estate investment trust’s stock after buying an additional 131,892 shares during the period. Principal Financial Group Inc.’s holdings in Weyerhaeuser were worth $97,281,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WY. Global Assets Advisory LLC purchased a new position in shares of Weyerhaeuser in the first quarter valued at about $52,000. Diversify Wealth Management LLC bought a new stake in Weyerhaeuser during the 1st quarter valued at approximately $516,000. SFE Investment Counsel lifted its holdings in Weyerhaeuser by 32.2% in the 1st quarter. SFE Investment Counsel now owns 209,041 shares of the real estate investment trust’s stock worth $5,107,000 after purchasing an additional 50,880 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in Weyerhaeuser by 1.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 60,480 shares of the real estate investment trust’s stock worth $1,478,000 after purchasing an additional 695 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Weyerhaeuser by 9.2% in the 1st quarter. Fifth Third Bancorp now owns 39,109 shares of the real estate investment trust’s stock worth $955,000 after purchasing an additional 3,287 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $23.91 on Thursday. 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 firm’s fifty day moving average is $23.96 and its 200 day moving average is $24.62. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 1.34 and a beta of 0.89.

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 analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company posted $0.11 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a $0.21 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research analyst reports. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Friday, July 10th. Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Citigroup reduced their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial dropped their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday. One 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 stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

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.