First Eagle Investment Management LLC Buys 158,800 Shares of Weyerhaeuser (NYSE:WY)

First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,362,306 shares of the real estate investment trust’s stock after acquiring an additional 158,800 shares during the quarter. First Eagle Investment Management LLC owned about 1.98% of Weyerhaeuser worth $404,299,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WY. Assetmark Inc. boosted its stake in shares of Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc bought a new stake in Weyerhaeuser during the 4th quarter valued at approximately $36,000. Meeder Asset Management Inc. boosted its stake in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 719 shares during the period. AdvisorNet Financial Inc boosted its stake in Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Weyerhaeuser during the 4th quarter valued at approximately $57,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of several recent analyst reports. Truist Financial decreased their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, December 23rd. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Trading Down 1.3 %

Shares of WY opened at $28.88 on Friday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. 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 stock has a 50 day simple moving average of $29.80 and a 200-day simple moving average of $30.77. The stock has a market cap of $20.96 billion, a PE ratio of 52.52, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.91%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) 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.