Weyerhaeuser (NYSE:WY) Stock Position Lifted by 180 Wealth Advisors LLC

180 Wealth Advisors LLC boosted its stake in Weyerhaeuser (NYSE:WYFree Report) by 4.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,549 shares of the real estate investment trust’s stock after acquiring an additional 981 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Weyerhaeuser were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser in the third quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser during the 2nd quarter valued at about $27,000. Bangor Savings Bank lifted its holdings in shares of Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 651 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 1.1 %

Weyerhaeuser stock opened at $28.97 on Wednesday. The firm has a market cap of $21.05 billion, a price-to-earnings ratio of 39.15 and a beta of 1.42. The firm has a fifty day moving average price of $29.92 and a two-hundred day moving average price of $30.73. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WYGet Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.76%. Weyerhaeuser’s payout ratio is 108.11%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WY. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.57.

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About Weyerhaeuser

(Free Report)

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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