Weyerhaeuser (NYSE:WY) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its position in shares of Weyerhaeuser (NYSE:WY) by 51.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,698 shares of the real estate investment trust’s stock after selling 167,050 shares during the period. Lazard Asset Management LLC’s holdings in Weyerhaeuser were worth $5,554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its stake in Weyerhaeuser by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after purchasing an additional 31,355 shares in the last quarter. Cullen Investment Group LTD. purchased a new position in Weyerhaeuser in the 4th quarter worth about $1,843,000. Slagle Financial LLC increased its stake in Weyerhaeuser by 101.7% in the 4th quarter. Slagle Financial LLC now owns 114,270 shares of the real estate investment trust’s stock worth $3,973,000 after purchasing an additional 57,608 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Weyerhaeuser by 1,548.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 79,850 shares of the real estate investment trust’s stock worth $2,776,000 after purchasing an additional 75,007 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Weyerhaeuser by 243.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after purchasing an additional 242,744 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Truist Financial lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and a consensus target price of $35.80.

Weyerhaeuser Stock Down 0.1 %

Shares of Weyerhaeuser stock opened at $31.56 on Monday. The firm has a market cap of $23.01 billion, a price-to-earnings ratio of 27.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a 50-day simple moving average of $29.24 and a 200-day simple moving average of $31.81.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser will post 0.79 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.53%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

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.