DE Burlo Group Inc. Purchases New Shares in Weyerhaeuser Company $WY

DE Burlo Group Inc. acquired a new position in shares of Weyerhaeuser Company (NYSE:WY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 135,000 shares of the real estate investment trust’s stock, valued at approximately $3,198,000.

Several other institutional investors have also recently made changes to their positions in WY. Arrowstreet Capital Limited Partnership grew its position in Weyerhaeuser by 29.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,572,939 shares of the real estate investment trust’s stock worth $132,023,000 after purchasing an additional 1,272,002 shares in the last quarter. Contrarian Capital Management L.L.C. purchased a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $1,801,000. Kestra Advisory Services LLC lifted its holdings in Weyerhaeuser by 28.6% during the fourth quarter. Kestra Advisory Services LLC now owns 50,055 shares of the real estate investment trust’s stock worth $1,186,000 after acquiring an additional 11,126 shares during the period. Cordoba Advisory Partners LLC purchased a new position in Weyerhaeuser in the fourth quarter worth $230,000. Finally, Parkside Financial Bank & Trust boosted its position in Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 428 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research report on Thursday, April 23rd. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Truist Financial decreased their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Stock Up 2.1%

Shares of NYSE WY opened at $24.85 on Friday. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The business’s fifty day moving average price is $24.22 and its 200-day moving average price is $24.39. The stock has a market capitalization of $17.91 billion, a PE ratio of 46.01, a P/E/G ratio of 1.41 and a beta of 0.89.

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

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) 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.