Weyerhaeuser Company $WY Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its holdings in Weyerhaeuser Company (NYSE:WY) by 26.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,633 shares of the real estate investment trust’s stock after buying an additional 24,823 shares during the quarter. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $2,923,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WY. NovaPoint Capital LLC lifted its position in shares of Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 385 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Weyerhaeuser by 21.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 428 shares in the last quarter. Summit Financial LLC raised its position in Weyerhaeuser by 1.3% during the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 428 shares during the period. BOKF NA raised its position in Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 463 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Weyerhaeuser by 23.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 472 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

WY opened at $23.91 on Thursday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75. The firm has a market capitalization of $17.24 billion, a PE ratio of 44.29, a PEG ratio of 1.34 and a beta of 0.89. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $23.96 and its 200 day moving average price is $24.62.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WY. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. DA Davidson reiterated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Friday, July 10th. Finally, Citigroup decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.00.

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.