Tidal Investments LLC Increases Position in Weyerhaeuser (NYSE:WY)

Tidal Investments LLC raised its holdings in shares of Weyerhaeuser (NYSE:WY) by 19.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,561 shares of the real estate investment trust’s stock after buying an additional 30,258 shares during the period. Tidal Investments LLC’s holdings in Weyerhaeuser were worth $6,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WY. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser in the fourth quarter valued at $26,000. American National Bank lifted its stake in Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 427 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $33,000. Finally, Register Financial Advisors LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.1 %

NYSE WY traded down $0.02 on Thursday, hitting $31.74. 909,745 shares of the company were exchanged, compared to its average volume of 3,502,885. The company’s 50 day moving average price is $29.28 and its 200-day moving average price is $31.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The firm has a market capitalization of $23.09 billion, a P/E ratio of 28.85 and a beta of 1.39. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts predict that Weyerhaeuser will post 0.67 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s payout ratio is presently 72.73%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WY shares. Royal Bank of Canada lifted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday. DA Davidson decreased their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday. Truist Financial decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday. Finally, Citigroup dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $35.83.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.