Sharp Financial Services LLC Makes New Investment in Weyerhaeuser (NYSE:WY)

Sharp Financial Services LLC bought a new position in Weyerhaeuser (NYSE:WY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,200 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Other large investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser during the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the last quarter. Bangor Savings Bank grew its stake in shares of Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 651 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Weyerhaeuser during the third quarter worth about $45,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 2.1 %

Weyerhaeuser stock opened at $29.77 on Thursday. 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 has a 12 month low of $26.73 and a 12 month high of $36.27. The stock’s 50 day simple moving average is $29.79 and its two-hundred day simple moving average is $30.83. The firm has a market cap of $21.63 billion, a PE ratio of 40.24 and a beta of 1.42.

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

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WY. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Friday, January 17th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser 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.