Weyerhaeuser Company $WY Shares Purchased by SFE Investment Counsel

SFE Investment Counsel raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 32.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,041 shares of the real estate investment trust’s stock after acquiring an additional 50,880 shares during the period. SFE Investment Counsel’s holdings in Weyerhaeuser were worth $5,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WY. FNY Investment Advisers LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $39,000. Addison Advisors LLC raised its holdings in Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the period. Bayban purchased a new position in Weyerhaeuser in the fourth quarter valued at approximately $41,000. Costello Asset Management INC lifted its position in Weyerhaeuser by 118.9% during the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in Weyerhaeuser during the fourth quarter valued at approximately $43,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WY has been the subject of several recent research reports. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial reduced their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. DA Davidson reissued a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Finally, Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.11.

Weyerhaeuser Stock Up 4.3%

NYSE:WY traded up $0.97 on Friday, reaching $23.47. The stock had a trading volume of 6,520,157 shares, compared to its average volume of 5,395,314. The company has a 50-day moving average of $23.98 and a 200 day moving average of $24.61. 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 stock has a market cap of $16.93 billion, a P/E ratio of 43.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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 analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, research analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is presently 155.56%.

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.