Everence Capital Management Inc. Purchases Shares of 14,310 Weyerhaeuser (NYSE:WY)

Everence Capital Management Inc. acquired a new position in shares of Weyerhaeuser (NYSE:WY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,310 shares of the real estate investment trust’s stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser in the third quarter worth approximately $25,000. Itau Unibanco Holding S.A. purchased a new position in Weyerhaeuser in the second quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares during the period. Bangor Savings Bank grew its position in shares of Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of analyst reports. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Finally, Truist Financial increased their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.71.

Weyerhaeuser Price Performance

WY stock opened at $28.36 on Monday. The firm has a 50 day simple moving average of $30.39 and a two-hundred day simple moving average of $30.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market cap of $20.61 billion, a PE ratio of 38.32 and a beta of 1.40. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Weyerhaeuser Company Profile

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.