Weyerhaeuser (NYSE:WY) Shares Purchased by Czech National Bank

Czech National Bank increased its holdings in Weyerhaeuser (NYSE:WY) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,538 shares of the real estate investment trust’s stock after buying an additional 9,377 shares during the quarter. Czech National Bank’s holdings in Weyerhaeuser were worth $4,435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WY. Oakworth Capital Inc. purchased a new position in Weyerhaeuser during the third quarter valued at approximately $25,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares in the last quarter. Bangor Savings Bank lifted its stake in shares of Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 651 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Weyerhaeuser by 172.4% during 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 in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Citigroup reduced their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial cut their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, BMO Capital Markets upgraded 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 report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $29.60 on Thursday. The firm has a 50-day simple moving average of $29.92 and a 200-day simple moving average of $30.73. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $21.51 billion, a price-to-earnings ratio of 40.00 and a beta of 1.42. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, equities analysts predict that Weyerhaeuser will post 0.46 earnings per share 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 issued a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.70%. Weyerhaeuser’s payout ratio is 108.11%.

Weyerhaeuser 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.