Winebrenner Capital Management LLC bought a new position in Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the real estate investment trust's stock, valued at approximately $563,000.
Other large investors have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock worth $1,433,000 after acquiring an additional 1,373 shares in the last quarter. CIBC Asset Management Inc raised its position in Weyerhaeuser by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 111,135 shares of the real estate investment trust's stock worth $3,128,000 after acquiring an additional 4,733 shares in the last quarter. Principal Financial Group Inc. raised its position in Weyerhaeuser by 9.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,603,437 shares of the real estate investment trust's stock worth $101,439,000 after acquiring an additional 299,020 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in Weyerhaeuser by 6.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 19,997 shares of the real estate investment trust's stock worth $563,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Weyerhaeuser in the fourth quarter worth about $365,000. 82.99% of the stock is owned by institutional investors and hedge funds.
NYSE:WY opened at $29.69 on Friday. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 53.97, a PEG ratio of 4.74 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The business's 50-day moving average price is $29.26 and its two-hundred day moving average price is $30.82. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.
Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, equities analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is currently 145.46%.
WY has been the topic of a number of analyst reports. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. Citigroup dropped their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Finally, Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.
Check Out Our Latest Stock Analysis on Weyerhaeuser
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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