Weyerhaeuser (NYSE:WY) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 578,113 shares of the real estate investment trust’s stock after selling 6,696 shares during the quarter. Retirement Systems of Alabama owned approximately 0.08% of Weyerhaeuser worth $19,575,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Inspire Trust Co. N.A. lifted its position in Weyerhaeuser by 148.2% in the third 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. Duff & Phelps Investment Management Co. increased its position in shares of Weyerhaeuser by 9.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock worth $10,383,000 after purchasing an additional 25,554 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock valued at $2,875,000 after purchasing an additional 14,911 shares during the last quarter. Quest Partners LLC boosted its position in shares of Weyerhaeuser by 146.4% in the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock valued at $3,272,000 after purchasing an additional 57,412 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after buying an additional 454,095 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $30.06 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The business has a 50 day simple moving average of $31.72 and a 200-day simple moving average of $30.86. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a market capitalization of $21.84 billion, a PE ratio of 40.62 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. Weyerhaeuser’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WY shares. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Finally, StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Company 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.