DE Burlo Group Inc. Buys New Position in Weyerhaeuser Company $WY

DE Burlo Group Inc. bought a new position in shares of Weyerhaeuser Company (NYSE:WY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 135,000 shares of the real estate investment trust’s stock, valued at approximately $3,198,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after buying an additional 2,343,724 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after acquiring an additional 23,485,504 shares in the last quarter. State Street Corp lifted its position in shares of Weyerhaeuser by 1.7% during the 4th quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock valued at $782,513,000 after acquiring an additional 562,781 shares during the period. Norges Bank acquired a new position in shares of Weyerhaeuser during the 4th quarter valued at $549,531,000. Finally, Geode Capital Management LLC boosted its stake in Weyerhaeuser by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock worth $479,155,000 after acquiring an additional 225,227 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on WY. Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Citigroup dropped their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Truist Financial reduced their target price on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research note on Thursday, April 23rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Stock Performance

WY opened at $24.85 on Friday. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75. The company has a market cap of $17.91 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 1.41 and a beta of 0.89. The company’s fifty day moving average price is $24.22 and its two-hundred day moving average price is $24.39. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser’s payout ratio is 155.56%.

Weyerhaeuser Company 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.