Weyerhaeuser Company $WY Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in Weyerhaeuser Company (NYSE:WY) by 77.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,081 shares of the real estate investment trust’s stock after selling 683,389 shares during the quarter. Van ECK Associates Corp’s holdings in Weyerhaeuser were worth $4,790,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Essential Partners LLC raised its holdings in shares of Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,208 shares during the last quarter. Nvwm LLC lifted its holdings in Weyerhaeuser by 174.7% in the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 800 shares in the last quarter. Versant Capital Management Inc boosted its stake in Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 617 shares during the last quarter. Compass Financial Management LLC acquired a new stake in Weyerhaeuser during the 2nd quarter worth $35,000. Finally, Addison Advisors LLC raised its position in shares of Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 0.8%

Shares of NYSE:WY opened at $23.20 on Thursday. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.26 and a beta of 0.87. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The business has a 50-day moving average price of $24.21 and a 200 day moving average price of $24.28. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. Weyerhaeuser’s revenue for the quarter was down 8.3% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s payout ratio is presently 129.23%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WY shares. Royal Bank Of Canada restated an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a research report on Friday, July 17th. Truist Financial restated a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Citigroup reduced their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

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.