Neuberger Berman Group LLC Grows Position in Weyerhaeuser (NYSE:WY)

Neuberger Berman Group LLC boosted its stake in shares of Weyerhaeuser (NYSE:WYGet Rating) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,185,300 shares of the real estate investment trust’s stock after purchasing an additional 65,791 shares during the period. Neuberger Berman Group LLC’s holdings in Weyerhaeuser were worth $82,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its position in shares of Weyerhaeuser by 10.7% in the first quarter. Coldstream Capital Management Inc. now owns 18,816 shares of the real estate investment trust’s stock valued at $713,000 after acquiring an additional 1,820 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Weyerhaeuser by 67.5% in the first quarter. Avantax Advisory Services Inc. now owns 13,520 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 5,450 shares in the last quarter. US Bancorp DE lifted its position in shares of Weyerhaeuser by 1.2% in the first quarter. US Bancorp DE now owns 602,365 shares of the real estate investment trust’s stock valued at $22,830,000 after acquiring an additional 7,349 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Weyerhaeuser by 8.8% in the first quarter. Park Avenue Securities LLC now owns 17,184 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Weyerhaeuser by 11.6% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,058 shares of the real estate investment trust’s stock worth $836,000 after buying an additional 2,289 shares in the last quarter. 81.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WY. StockNews.com upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Monday, September 12th. Raymond James decreased their target price on Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a research report on Monday, September 12th. The Goldman Sachs Group decreased their target price on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Argus downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Truist Financial assumed coverage on Weyerhaeuser in a research report on Wednesday, June 29th. They issued a “hold” rating and a $37.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.25.

Weyerhaeuser Trading Down 1.9 %

Shares of NYSE WY opened at $30.73 on Friday. The business’s 50 day moving average is $35.01 and its two-hundred day moving average is $37.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.20 and a quick ratio of 2.59. Weyerhaeuser has a 1-year low of $30.60 and a 1-year high of $43.04. The stock has a market capitalization of $22.75 billion, a P/E ratio of 9.37 and a beta of 1.48.

Weyerhaeuser (NYSE:WYGet Rating) last issued its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.02). The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.83 billion. Weyerhaeuser had a return on equity of 24.49% and a net margin of 23.10%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. As a group, research analysts expect that Weyerhaeuser will post 3.14 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.34%. Weyerhaeuser’s dividend payout ratio is 21.95%.

About Weyerhaeuser

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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.

Further Reading

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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