Weyerhaeuser Company $WY Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its position in Weyerhaeuser Company (NYSE:WY) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 272,000 shares of the real estate investment trust’s stock after acquiring an additional 36,800 shares during the period. Weyerhaeuser makes up 1.1% of Inspire Trust Co. N.A.’s portfolio, making the stock its 29th biggest position. Inspire Trust Co. N.A.’s holdings in Weyerhaeuser were worth $6,444,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth about $39,000. Addison Advisors LLC increased its holdings in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 757 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Weyerhaeuser in the 3rd quarter worth about $42,000. Costello Asset Management INC increased its holdings in shares of Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 976 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WY. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial lowered their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Finally, DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Stock Performance

Shares of WY opened at $24.59 on Friday. The firm’s 50 day moving average is $24.04 and its 200-day moving average is $24.22. The stock has a market capitalization of $17.73 billion, a P/E ratio of 45.53, a P/E/G ratio of 1.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s payout ratio is currently 155.56%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.