Nisa Investment Advisors LLC reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,600 shares of the real estate investment trust's stock after selling 26,411 shares during the period. Nisa Investment Advisors LLC's holdings in Weyerhaeuser were worth $8,743,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser in the third quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Weyerhaeuser by 4,884.2% during 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 buying an additional 928 shares during the last quarter. Bangor Savings Bank raised its position 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 period. Meeder Asset Management Inc. lifted its holdings in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 719 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Weyerhaeuser in the third quarter worth approximately $45,000. Institutional investors and hedge funds own 82.99% of the company's stock.
WY has been the topic of several recent analyst reports. Citigroup decreased their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note 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 for the company in a research report on Monday, January 6th. StockNews.com cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Friday, January 17th. Finally, CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.14.
View Our Latest Stock Analysis on Weyerhaeuser
WY stock opened at $29.93 on Friday. The business's 50-day moving average is $29.77 and its two-hundred day moving average is $30.82. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The firm has a market capitalization of $21.74 billion, a P/E ratio of 40.44 and a beta of 1.42. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.
Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm's revenue was down 13.3% on a year-over-year basis. Analysts anticipate that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.
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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