36,700 Shares in Weyerhaeuser Company $WY Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 36,700 shares of the real estate investment trust’s stock, valued at approximately $897,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP raised its stake in Weyerhaeuser by 4.4% during the fourth quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock valued at $980,250,000 after buying an additional 1,731,315 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Weyerhaeuser by 166.1% during the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after acquiring an additional 23,485,504 shares in the last quarter. State Street Corp raised its position in shares of Weyerhaeuser by 1.7% in the 4th quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock worth $782,513,000 after purchasing an additional 562,781 shares during the last quarter. Norges Bank purchased a new position in shares of Weyerhaeuser in the 4th quarter worth about $549,531,000. Finally, Geode Capital Management LLC boosted its stake in Weyerhaeuser by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock worth $479,155,000 after purchasing an additional 225,227 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WY shares. Truist Financial reduced their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. DA Davidson reiterated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Citigroup dropped their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Weyerhaeuser Trading Down 0.2%

Shares of WY stock opened at $23.75 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The stock has a market capitalization of $17.13 billion, a P/E ratio of 43.99, a P/E/G ratio of 1.37 and a beta of 0.89. The firm’s 50 day moving average is $24.16 and its 200 day moving average is $24.64.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion for 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 revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. Research analysts expect that Weyerhaeuser Company will post 0.31 earnings per share for the current year.

Weyerhaeuser Announces Dividend

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

About Weyerhaeuser

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.