TCW Group Inc. Cuts Position in Weyerhaeuser (NYSE:WY)

TCW Group Inc. reduced its stake in shares of Weyerhaeuser (NYSE:WY) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,169 shares of the real estate investment trust’s stock after selling 35,943 shares during the quarter. TCW Group Inc.’s holdings in Weyerhaeuser were worth $4,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Winebrenner Capital Management LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $563,000. Truist Financial Corp increased its stake in Weyerhaeuser by 2.8% during the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after acquiring an additional 1,373 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Weyerhaeuser by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 111,135 shares of the real estate investment trust’s stock worth $3,128,000 after purchasing an additional 4,733 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Weyerhaeuser by 9.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,603,437 shares of the real estate investment trust’s stock valued at $101,439,000 after acquiring an additional 299,020 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Weyerhaeuser by 6.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 19,997 shares of the real estate investment trust’s stock worth $563,000 after purchasing an additional 1,216 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 1.0 %

NYSE:WY opened at $29.69 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42. The stock has a fifty day simple moving average of $29.26 and a 200 day simple moving average of $30.80.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 145.46%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Citigroup reduced their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Finally, CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Company 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.