Weyerhaeuser Company $WY Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in Weyerhaeuser Company (NYSE:WY) by 317.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,800 shares of the real estate investment trust’s stock after buying an additional 68,285 shares during the period. NewEdge Advisors LLC’s holdings in Weyerhaeuser were worth $2,194,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WY. Goldman Sachs Group Inc. lifted its position in Weyerhaeuser by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after acquiring an additional 346,571 shares in the last quarter. Empowered Funds LLC boosted its holdings in Weyerhaeuser by 3.4% in the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after acquiring an additional 1,498 shares during the period. Intech Investment Management LLC grew its position in Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock valued at $1,647,000 after acquiring an additional 3,124 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in Weyerhaeuser in the second quarter valued at approximately $275,000. Finally, Bank of Nova Scotia grew its position in Weyerhaeuser by 10.2% in the second quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock valued at $2,354,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $24.55 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.75. The business has a 50 day moving average price of $24.35 and a two-hundred day moving average price of $24.53. The firm has a market cap of $17.70 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, September 4th. Weyerhaeuser’s payout ratio is 129.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WY shares. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a report on Thursday, April 23rd. One 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 company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

About Weyerhaeuser

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.