Weyerhaeuser (NYSE:WY) Shares Purchased by United Services Automobile Association

United Services Automobile Association boosted its position in shares of Weyerhaeuser (NYSE:WY) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,453 shares of the real estate investment trust’s stock after acquiring an additional 1,704 shares during the quarter. United Services Automobile Association’s holdings in Weyerhaeuser were worth $463,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at about $44,000. AdvisorNet Financial Inc grew its position in shares of Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 486 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth approximately $52,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 1.3 %

WY opened at $29.55 on Tuesday. 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 52 week low of $26.73 and a 52 week high of $36.27. The business’s 50 day moving average is $30.04 and its two-hundred day moving average is $30.74. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, research analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.21 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.84%. Weyerhaeuser’s dividend payout ratio is 152.73%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.