Weyerhaeuser (NYSE:WY) Shares Bought by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. grew its stake in shares of Weyerhaeuser (NYSE:WY) by 19.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 975,758 shares of the real estate investment trust’s stock after acquiring an additional 160,000 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Weyerhaeuser were worth $27,468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WY. GSA Capital Partners LLP acquired a new position in shares of Weyerhaeuser in the third quarter worth $440,000. Victory Capital Management Inc. increased its stake in shares of Weyerhaeuser by 11.8% in the third quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust’s stock worth $15,474,000 after acquiring an additional 48,137 shares during the last quarter. Pinnacle Financial Partners Inc increased its stake in shares of Weyerhaeuser by 0.3% in the third quarter. Pinnacle Financial Partners Inc now owns 389,311 shares of the real estate investment trust’s stock worth $13,182,000 after acquiring an additional 1,190 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Weyerhaeuser by 1.7% in the third quarter. Oppenheimer & Co. Inc. now owns 249,844 shares of the real estate investment trust’s stock worth $8,460,000 after acquiring an additional 4,246 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Weyerhaeuser by 3.4% in the third quarter. Huntington National Bank now owns 18,740 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 623 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WY shares. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Finally, Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Trading Down 1.1 %

Shares of NYSE:WY opened at $29.26 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company’s 50-day moving average price is $29.79 and its two-hundred day moving average price is $30.79. The stock has a market capitalization of $21.23 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. On average, equities analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.87%. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

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.