Praxis Investment Management Inc. Has $258,000 Holdings in Weyerhaeuser Company $WY

Praxis Investment Management Inc. trimmed its position in shares of Weyerhaeuser Company (NYSE:WY) by 74.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor 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 reporting period.

Other hedge funds also recently modified their holdings of the company. Horizon Investments LLC grew its position in Weyerhaeuser by 5.2% during the 1st quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 516 shares during the last quarter. American Century Companies Inc. boosted its stake in Weyerhaeuser by 64.1% in the first quarter. American Century Companies Inc. now owns 562,358 shares of the real estate investment trust’s stock worth $16,466,000 after purchasing an additional 219,618 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in Weyerhaeuser in the first quarter worth $221,000. Quantbot Technologies LP grew its holdings in shares of Weyerhaeuser by 428.4% during the first quarter. Quantbot Technologies LP now owns 64,663 shares of the real estate investment trust’s stock worth $1,893,000 after purchasing an additional 52,425 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Weyerhaeuser by 25.8% during the first quarter. Hsbc Holdings PLC now owns 2,722,403 shares of the real estate investment trust’s stock worth $79,453,000 after purchasing an additional 557,881 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $23.30 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The stock has a market capitalization of $16.80 billion, a P/E ratio of 51.79, a P/E/G ratio of 122.28 and a beta of 1.08. The business has a 50-day moving average price of $22.82 and a two-hundred day moving average price of $24.71.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. Equities analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America reaffirmed a “neutral” rating and issued a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Royal Bank Of Canada dropped their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research report on Friday. DA Davidson decreased their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.33.

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.