Westwood Holdings Group Inc. Trims Stake in Weyerhaeuser (NYSE:WY)

Westwood Holdings Group Inc. trimmed its stake in Weyerhaeuser (NYSE:WY) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,541 shares of the real estate investment trust’s stock after selling 7,132 shares during the period. Westwood Holdings Group Inc.’s holdings in Weyerhaeuser were worth $6,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Cohen & Steers Inc. increased its stake in Weyerhaeuser by 57.5% in the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust’s stock worth $1,095,726,000 after buying an additional 14,213,243 shares in the last quarter. Norges Bank purchased a new stake in Weyerhaeuser in the 4th quarter worth $638,470,000. Geode Capital Management LLC increased its stake in Weyerhaeuser by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust’s stock worth $566,527,000 after buying an additional 637,643 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock worth $404,299,000 after buying an additional 158,800 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Weyerhaeuser by 3.5% in the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust’s stock worth $268,498,000 after buying an additional 322,313 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. CIBC cut their price objective on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial cut their price objective on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Three 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, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

Weyerhaeuser Trading Down 1.1%

WY opened at $26.20 on Wednesday. The firm has a market cap of $19.00 billion, a P/E ratio of 47.64, a P/E/G ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. 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 50-day moving average of $26.92 and a 200 day moving average of $28.96.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. As a group, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.21%. Weyerhaeuser’s dividend payout ratio is currently 168.00%.

Weyerhaeuser declared that its board has approved a stock buyback program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.