Cambiar Investors LLC Grows Position in Weyerhaeuser Company $WY

Cambiar Investors LLC raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 5.3% during the 2nd quarter, Holdings Channel reports. The fund owned 1,099,393 shares of the real estate investment trust’s stock after purchasing an additional 55,769 shares during the period. Cambiar Investors LLC’s holdings in Weyerhaeuser were worth $26,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Financial LLC grew its holdings in Weyerhaeuser by 1.3% in the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after purchasing an additional 428 shares during the period. Parkside Financial Bank & Trust raised its stake in Weyerhaeuser by 21.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 428 shares during the period. BOKF NA boosted its holdings in shares of Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Weyerhaeuser by 23.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 472 shares during the period. Finally, Kiley Juergens Wealth Management LLC grew its stake in shares of Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 487 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WY shares. JPMorgan Chase & Co. increased their target price on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Finally, Truist Financial reissued a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Stock Performance

NYSE:WY opened at $24.55 on Friday. The firm’s fifty day simple moving average is $24.35 and its 200 day simple moving average is $24.53. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is 129.23%.

Weyerhaeuser Profile

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.