Sawtooth Solutions LLC grew its position in shares of Weyerhaeuser Company (NYSE:WY) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,254 shares of the real estate investment trust’s stock after acquiring an additional 1,363 shares during the quarter. Sawtooth Solutions LLC’s holdings in Weyerhaeuser were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of WY. Barnett & Company Inc. bought a new stake in Weyerhaeuser in the 2nd quarter valued at about $101,000. First Personal Financial Services increased its position in shares of Weyerhaeuser by 90.7% during the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Weyerhaeuser during the second quarter valued at about $109,000. Alexandria Capital LLC increased its position in shares of Weyerhaeuser by 0.3% during the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the period. Finally, Gemmer Asset Management LLC increased its position in shares of Weyerhaeuser by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the period. 75.27% of the stock is currently owned by institutional investors.
Shares of Weyerhaeuser Company (NYSE:WY) traded down 0.30% on Friday, reaching $32.96. The company’s stock had a trading volume of 1,233,678 shares. The stock has a market cap of $24.82 billion, a PE ratio of 25.91 and a beta of 1.39. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The firm has a 50 day moving average price of $32.40 and a 200-day moving average price of $33.28.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS. Equities research analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 97.64%.
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Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. Bank of America Corporation downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, JMP Securities downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $37.00.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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