Raiffeisen Bank International AG Acquires Shares of 33,096 Weyerhaeuser Company $WY

Raiffeisen Bank International AG acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the 2nd quarter, HoldingsChannel reports. The fund acquired 33,096 shares of the real estate investment trust’s stock, valued at approximately $815,000.

Several other large investors also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in Weyerhaeuser by 21.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 428 shares during the last quarter. Summit Financial LLC boosted 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 acquiring an additional 428 shares in the last quarter. BOKF NA boosted its holdings in Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 463 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 472 shares during the period. Finally, New Mexico Educational Retirement Board increased its position in Weyerhaeuser by 1.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust’s stock valued at $787,000 after purchasing an additional 500 shares during the period. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday. Truist Financial restated a “hold” rating and set a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.67.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $23.04 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $16.61 billion, a P/E ratio of 35.45, a PEG ratio of 2.23 and a beta of 0.87. The stock’s 50 day moving average is $24.11 and its 200 day moving average is $24.25. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser’s dividend payout ratio 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.