Flputnam Investment Management Co. Trims Stake in Weyerhaeuser (NYSE:WY)

Flputnam Investment Management Co. reduced its position in Weyerhaeuser (NYSE:WY) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 151,604 shares of the real estate investment trust’s stock after selling 16,031 shares during the period. Flputnam Investment Management Co.’s holdings in Weyerhaeuser were worth $4,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp lifted its holdings in shares of Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock valued at $1,433,000 after purchasing an additional 1,373 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $1,214,000. Sonora Investment Management Group LLC lifted its holdings in shares of Weyerhaeuser by 56.5% in the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock valued at $1,458,000 after purchasing an additional 18,698 shares during the last quarter. Czech National Bank lifted its holdings in shares of Weyerhaeuser by 6.3% in the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock valued at $4,435,000 after purchasing an additional 9,377 shares during the last quarter. Finally, Inspire Trust Co. N.A. raised its stake in Weyerhaeuser by 148.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after acquiring an additional 75,000 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on WY shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $30.06 on Friday. The company has a market cap of $21.81 billion, a P/E ratio of 54.65, a P/E/G ratio of 4.74 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The business has a fifty day simple moving average of $29.43 and a 200-day simple moving average of $30.78.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is currently 152.73%.

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.