Weyerhaeuser Company $WY Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 29.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,572,939 shares of the real estate investment trust’s stock after purchasing an additional 1,272,002 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.77% of Weyerhaeuser worth $132,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WY. NovaPoint Capital LLC lifted its holdings in Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 385 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Weyerhaeuser by 21.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 428 shares during the last quarter. Summit Financial LLC lifted its holdings in Weyerhaeuser by 1.3% during the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 428 shares during the last quarter. BOKF NA lifted its holdings in Weyerhaeuser by 4.6% during the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 463 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Weyerhaeuser by 23.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 472 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.61 on Tuesday. 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 business’s 50 day moving average is $24.22 and its two-hundred day moving average is $24.43. 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 $17.74 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 1.41 and a beta of 0.89.

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, topping analysts’ consensus estimates of $0.04 by $0.07. The business 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 quarter in the prior year, the firm posted $0.11 EPS. Research analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a report on Thursday, April 23rd. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial dropped their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Finally, Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

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.