Everett Harris & Co. CA Acquires 43,020 Shares of Weyerhaeuser Company $WY

Everett Harris & Co. CA lifted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 153.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,112 shares of the real estate investment trust’s stock after purchasing an additional 43,020 shares during the quarter. Everett Harris & Co. CA’s holdings in Weyerhaeuser were worth $1,685,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. boosted its position in shares of Weyerhaeuser by 68.5% during the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after acquiring an additional 669,451 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Weyerhaeuser by 2.1% during the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock worth $56,310,000 after acquiring an additional 47,709 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $1,154,000. Cambria Investment Management L.P. acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $1,265,000. Finally, Centersquare Investment Management LLC boosted its position in shares of Weyerhaeuser by 12.4% during the 3rd quarter. Centersquare Investment Management LLC now owns 463,179 shares of the real estate investment trust’s stock worth $11,482,000 after acquiring an additional 50,940 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WY. Truist Financial reduced their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, May 4th. Finally, Citigroup cut their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $24.09 on Tuesday. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The firm has a market capitalization of $17.37 billion, a P/E ratio of 44.60, a P/E/G ratio of 1.39 and a beta of 0.89. The company’s 50 day moving average price is $24.19 and its two-hundred day moving average price is $24.33.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. On average, equities analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

About Weyerhaeuser

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.