Kopernik Global Investors LLC Acquires Shares of 1,904,591 Weyerhaeuser Company $WY

Kopernik Global Investors LLC bought a new position in Weyerhaeuser Company (NYSE:WY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,904,591 shares of the real estate investment trust’s stock, valued at approximately $46,529,000. Weyerhaeuser makes up about 3.2% of Kopernik Global Investors LLC’s holdings, making the stock its 10th biggest holding.

A number of other institutional investors also recently modified their holdings of WY. NovaPoint Capital LLC grew its holdings in shares of Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 385 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Weyerhaeuser by 21.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 428 shares in the last quarter. Summit Financial LLC raised its holdings in shares of Weyerhaeuser by 1.3% during the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 428 shares in the last quarter. BOKF NA boosted its position in Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Weyerhaeuser by 23.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.9%

Shares of NYSE:WY opened at $23.82 on Thursday. The stock has a market capitalization of $17.17 billion, a PE ratio of 44.10, a P/E/G ratio of 1.33 and a beta of 0.89. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75. The firm has a fifty day moving average price of $24.02 and a 200 day moving average price of $24.63. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Weyerhaeuser Company will post 0.3 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is 155.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a report on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $30.00 price target on shares of Weyerhaeuser in a research note on Friday, July 17th. Finally, Weiss Ratings downgraded Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Company 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.