Weyerhaeuser Company $WY Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. grew its position in Weyerhaeuser Company (NYSE:WY) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325,000 shares of the real estate investment trust’s stock after buying an additional 35,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Weyerhaeuser were worth $6,191,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its position in shares of Weyerhaeuser by 10.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock valued at $1,225,232,000 after purchasing an additional 4,885,818 shares during the period. Wellington Management Group LLP increased its position in shares of Weyerhaeuser by 14.3% during the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock worth $1,043,164,000 after acquiring an additional 5,437,685 shares in the last quarter. State Street Corp raised its holdings in shares of Weyerhaeuser by 3.3% during the second quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust’s stock worth $821,117,000 after acquiring an additional 1,106,553 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Weyerhaeuser during the second quarter worth $468,969,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Weyerhaeuser by 6.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,760,600 shares of the real estate investment trust’s stock worth $218,630,000 after acquiring an additional 684,888 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE WY opened at $20.62 on Wednesday. The firm’s 50 day moving average is $20.47 and its 200-day moving average is $23.50. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $14.86 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 4.32 and a beta of 0.92. Weyerhaeuser Company has a 12-month low of $18.25 and a 12-month high of $27.75.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Equities research analysts anticipate that Weyerhaeuser Company will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 4th. Weyerhaeuser’s dividend payout ratio is currently 135.48%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Citigroup lifted their price target on Weyerhaeuser from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Truist Financial cut their price target on Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, October 12th. DA Davidson reduced their price objective on Weyerhaeuser from $31.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $27.00 price objective on shares of Weyerhaeuser in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.10.

Weyerhaeuser Company Profile

Weyerhaeuser is a timber, land and wood-products company founded in 1900 and headquartered in Seattle. It owns and manages timberlands in the United States and holds long-term forest-management licenses in Canada. The company grows and harvests timber and manufactures wood products, including lumber, engineered wood products, oriented strand board and plywood. These materials are used in residential construction, remodeling and other building applications. Weyerhaeuser also manages its timberlands for real estate, energy and other natural-resource opportunities.