24,859 Shares in Weyerhaeuser Company $WY Acquired by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in Weyerhaeuser Company (NYSE:WY) during the fourth quarter, Holdings Channel.com reports. The fund purchased 24,859 shares of the real estate investment trust’s stock, valued at approximately $589,000.

Other hedge funds also recently modified their holdings of the company. Canada Post Corp Registered Pension Plan raised its holdings in Weyerhaeuser by 60.9% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 10,115 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 3,830 shares during the period. Stephens Inc. AR raised its holdings in Weyerhaeuser by 135.0% during the 4th quarter. Stephens Inc. AR now owns 31,228 shares of the real estate investment trust’s stock valued at $749,000 after acquiring an additional 17,938 shares during the period. AlphaCore Capital LLC bought a new stake in Weyerhaeuser during the 4th quarter valued at $433,000. DNB Asset Management AS raised its holdings in Weyerhaeuser by 117.4% during the 4th quarter. DNB Asset Management AS now owns 442,663 shares of the real estate investment trust’s stock valued at $10,487,000 after acquiring an additional 239,020 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in Weyerhaeuser by 11.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,325 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 1,045 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 1.3%

Shares of NYSE:WY opened at $23.55 on Friday. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86. The firm has a fifty day moving average of $23.99 and a 200 day moving average of $24.17. The firm has a market capitalization of $16.98 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

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 the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

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

Wall Street Analysts Forecast Growth

WY has been the topic of a number of analyst reports. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Truist Financial decreased their price target 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. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Monday, May 4th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Finally, Citigroup cut their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.88.

Weyerhaeuser Company Profile

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.