Baugh & Associates LLC Purchases 36,454 Shares of Weyerhaeuser Company $WY

Baugh & Associates LLC lifted its position in shares of Weyerhaeuser Company (NYSE:WY) by 18.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 229,004 shares of the real estate investment trust’s stock after buying an additional 36,454 shares during the quarter. Weyerhaeuser comprises 2.4% of Baugh & Associates LLC’s holdings, making the stock its 23rd biggest position. Baugh & Associates LLC’s holdings in Weyerhaeuser were worth $5,595,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of Weyerhaeuser by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after purchasing an additional 346,571 shares in the last quarter. Empowered Funds LLC increased its stake in Weyerhaeuser by 3.4% during the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after acquiring an additional 1,498 shares during the period. Intech Investment Management LLC increased its stake in Weyerhaeuser by 5.9% during the 1st quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after acquiring an additional 3,124 shares during the period. Gamco Investors INC. ET AL acquired a new position in Weyerhaeuser in the 2nd quarter valued at $275,000. Finally, Bank of Nova Scotia raised its holdings in Weyerhaeuser by 10.2% in the 2nd quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock valued at $2,354,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup cut their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Finally, Truist Financial reduced their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $24.35 on Monday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The company’s 50 day simple moving average is $24.23 and its 200 day simple moving average is $24.49.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. As a group, research analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s payout ratio is 155.56%.

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.