Bowen Hanes & Co. Inc. Cuts Position in Weyerhaeuser Company $WY

Bowen Hanes & Co. Inc. reduced its position in shares of Weyerhaeuser Company (NYSE:WY) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,030,960 shares of the real estate investment trust’s stock after selling 4,798 shares during the period. Bowen Hanes & Co. Inc. owned about 0.14% of Weyerhaeuser worth $26,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of WY. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser during the 1st quarter valued at about $29,000. Hantz Financial Services Inc. increased its stake in Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 521 shares during the period. Costello Asset Management INC purchased a new stake in Weyerhaeuser during the first quarter worth about $32,000. Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser during the first quarter worth about $36,000. Finally, Private Wealth Asset Management LLC grew its holdings in shares of Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 807 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 2.0%

Weyerhaeuser stock opened at $21.79 on Friday. The stock has a market cap of $15.71 billion, a PE ratio of 57.34, a P/E/G ratio of 244.04 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The stock’s fifty day moving average is $23.60 and its two-hundred day moving average is $25.16. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $32.70.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Weyerhaeuser’s dividend payout ratio is presently 186.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th. DA Davidson cut their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.78.

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.