Foresight Group Ltd Liability Partnership Reduces Stake in Weyerhaeuser (NYSE:WY)

Foresight Group Ltd Liability Partnership decreased its stake in shares of Weyerhaeuser (NYSE:WY) by 10.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 103,967 shares of the real estate investment trust’s stock after selling 12,709 shares during the period. Weyerhaeuser accounts for about 1.7% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 10th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Weyerhaeuser were worth $2,927,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WY. Assenagon Asset Management S.A. boosted its stake in Weyerhaeuser by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 100,138 shares of the real estate investment trust’s stock valued at $2,819,000 after purchasing an additional 4,044 shares during the period. Oak Thistle LLC acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at about $1,214,000. 180 Wealth Advisors LLC grew its stake in shares of Weyerhaeuser by 4.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 24,549 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 981 shares in the last quarter. AdvisorNet Financial Inc increased its position in Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares during the period. Finally, Eastern Bank raised its stake in Weyerhaeuser by 82.2% in the 4th quarter. Eastern Bank now owns 3,900 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE:WY opened at $30.04 on Friday. The stock’s 50-day moving average is $29.88 and its 200-day moving average is $30.72. The stock has a market cap of $21.83 billion, a P/E ratio of 40.59 and a beta of 1.42. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Equities research analysts anticipate that Weyerhaeuser will post 0.49 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Weyerhaeuser’s payout ratio is 108.11%.

Analysts Set New Price Targets

WY has been the topic of a number of analyst reports. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

About Weyerhaeuser

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.