Independent Financial Group LLC Invests $847,000 in Weyerhaeuser Company $WY

Independent Financial Group LLC acquired a new position in Weyerhaeuser Company (NYSE:WY) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,681 shares of the real estate investment trust’s stock, valued at approximately $847,000.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Weyerhaeuser by 2.1% in the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock valued at $56,310,000 after purchasing an additional 47,709 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth $7,870,000. Baugh & Associates LLC bought a new position in Weyerhaeuser during the fourth quarter worth $4,562,000. Bfsg LLC lifted its holdings in Weyerhaeuser by 44.0% in the fourth quarter. Bfsg LLC now owns 274,190 shares of the real estate investment trust’s stock valued at $6,496,000 after buying an additional 83,806 shares during the period. Finally, Blume Capital Management Inc. lifted its holdings in Weyerhaeuser by 35.8% in the fourth quarter. Blume Capital Management Inc. now owns 186,973 shares of the real estate investment trust’s stock valued at $4,429,000 after buying an additional 49,275 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 1.5%

NYSE:WY opened at $23.59 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 1.35 and a beta of 0.89. The firm has a fifty day simple moving average of $24.01 and a two-hundred day simple moving average of $24.63. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.75.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts expect that Weyerhaeuser Company will post 0.3 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid 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, June 5th. Weyerhaeuser’s dividend payout ratio is 155.56%.

Analyst Upgrades and Downgrades

A number of analysts have commented on WY shares. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Truist Financial dropped their price objective on Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.00.

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.