Burns Matteson Capital Management LLC Cuts Stock Holdings in Weyerhaeuser (NYSE:WY)

Burns Matteson Capital Management LLC trimmed its stake in Weyerhaeuser (NYSE:WY) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 99,627 shares of the real estate investment trust’s stock after selling 11,116 shares during the quarter. Weyerhaeuser comprises approximately 1.4% of Burns Matteson Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Burns Matteson Capital Management LLC’s holdings in Weyerhaeuser were worth $2,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $57,000. Empowered Funds LLC increased its holdings in shares of Weyerhaeuser by 3.4% in the fourth quarter. Empowered Funds LLC now owns 44,551 shares of the real estate investment trust’s stock worth $1,254,000 after buying an additional 1,445 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Weyerhaeuser by 8.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 7,354 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 593 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Weyerhaeuser by 13.3% during the 4th quarter. Apollon Wealth Management LLC now owns 15,357 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 1,799 shares during the period. Finally, Cidel Asset Management Inc. grew its position in Weyerhaeuser by 9.1% during the 4th quarter. Cidel Asset Management Inc. now owns 7,647 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 637 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WY has been the subject of several recent research reports. Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $30.04 on Monday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market capitalization of $21.83 billion, a P/E ratio of 54.62, a P/E/G ratio of 4.69 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $29.54 and a two-hundred day simple moving average of $30.92.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, equities analysts forecast that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

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.