Erste Asset Management GmbH Buys Shares of 284,400 Weyerhaeuser Company $WY

Erste Asset Management GmbH bought a new position in shares of Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 284,400 shares of the real estate investment trust’s stock, valued at approximately $7,002,000.

A number of other large investors also recently modified their holdings of WY. Parkside Financial Bank & Trust boosted its holdings in shares of Weyerhaeuser by 21.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 428 shares during the period. Summit Financial LLC lifted its holdings in Weyerhaeuser by 1.3% in the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 428 shares during the last quarter. BOKF NA boosted its stake in Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 463 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Weyerhaeuser by 23.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 472 shares during the period. Finally, Kiley Juergens Wealth Management LLC grew its holdings in shares of Weyerhaeuser by 2.4% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 487 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the topic of a number of research reports. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Friday, July 10th. Truist Financial restated a “hold” rating and set a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $30.00 target price on shares of Weyerhaeuser in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Stock Performance

WY opened at $24.81 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $24.35 and its 200-day moving average is $24.53. The stock has a market cap of $17.88 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

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.