Strong Tower Advisory Services Boosts Stock Position in Weyerhaeuser (NYSE:WY)

Strong Tower Advisory Services raised its holdings in shares of Weyerhaeuser (NYSE:WY) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 60,185 shares of the real estate investment trust’s stock after acquiring an additional 5,746 shares during the quarter. Strong Tower Advisory Services’ holdings in Weyerhaeuser were worth $1,694,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Clarius Group LLC raised its holdings in shares of Weyerhaeuser by 7.6% during the 4th quarter. Clarius Group LLC now owns 7,636 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 540 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in Weyerhaeuser by 7.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 7,263 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 521 shares during the period. HB Wealth Management LLC grew its position in shares of Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 357 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $760,000. Finally, Trium Capital LLP increased its position in shares of Weyerhaeuser by 159.1% during the fourth quarter. Trium Capital LLP now owns 19,854 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 12,191 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research reports. Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Friday. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Finally, Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.14.

Weyerhaeuser Trading Up 0.7 %

NYSE WY opened at $30.24 on Monday. The company’s 50 day moving average price is $29.82 and its 200 day moving average price is $30.78. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 40.86 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $0.33 EPS. Weyerhaeuser’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, sell-side analysts predict that Weyerhaeuser will post 0.49 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. Weyerhaeuser’s payout ratio is 108.11%.

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.