Home Federal Bank of Tennessee Buys 700 Shares of Weyerhaeuser (NYSE:WY)

Home Federal Bank of Tennessee raised its stake in shares of Weyerhaeuser (NYSE:WYGet Rating) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,527 shares of the real estate investment trust’s stock after purchasing an additional 700 shares during the period. Home Federal Bank of Tennessee’s holdings in Weyerhaeuser were worth $1,176,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Weyerhaeuser during the 4th quarter worth about $580,040,000. Vanguard Group Inc. grew its holdings in Weyerhaeuser by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 120,519,772 shares of the real estate investment trust’s stock worth $4,567,700,000 after acquiring an additional 1,817,002 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Weyerhaeuser during the 1st quarter worth about $67,819,000. State Street Corp grew its holdings in Weyerhaeuser by 5.2% during the 4th quarter. State Street Corp now owns 31,466,169 shares of the real estate investment trust’s stock worth $1,295,777,000 after acquiring an additional 1,546,975 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Weyerhaeuser by 36.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,671,199 shares of the real estate investment trust’s stock worth $214,938,000 after acquiring an additional 1,507,282 shares during the period. 81.09% of the stock is owned by institutional investors.

Weyerhaeuser Stock Down 2.1 %

WY stock traded down $0.61 during mid-day trading on Friday, reaching $28.80. 165,886 shares of the company traded hands, compared to its average volume of 3,888,251. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 8.97 and a beta of 1.48. The company has a quick ratio of 2.59, a current ratio of 3.20 and a debt-to-equity ratio of 0.47. Weyerhaeuser has a fifty-two week low of $29.39 and a fifty-two week high of $43.04. The firm’s 50 day moving average price is $34.66 and its 200 day moving average price is $36.77.

Weyerhaeuser (NYSE:WYGet Rating) last posted its earnings results on Friday, July 29th. The real estate investment trust reported $1.06 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.02). Weyerhaeuser had a return on equity of 24.49% and a net margin of 23.10%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business earned $1.37 EPS. Weyerhaeuser’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Weyerhaeuser will post 3.13 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a dividend of $0.18 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 2.50%. Weyerhaeuser’s dividend payout ratio is currently 21.95%.

Wall Street Analyst Weigh In

WY has been the subject of several research reports. The Goldman Sachs Group reduced their target price on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, June 23rd. Truist Financial initiated coverage on Weyerhaeuser in a research note on Wednesday, June 29th. They issued a “hold” rating and a $37.00 target price for the company. Raymond James reduced their target price on Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating for the company in a research note on Monday, September 12th. StockNews.com upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Monday, September 12th. Finally, Bank of America downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their target price for the company from $38.00 to $34.00 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.80.

Weyerhaeuser Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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