Weyerhaeuser (NYSE:WY) Stock Holdings Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in Weyerhaeuser (NYSE:WY) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,852,503 shares of the real estate investment trust’s stock after acquiring an additional 249,257 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.22% of Weyerhaeuser worth $247,793,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Trust Co increased its stake in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares during the period. HB Wealth Management LLC grew its holdings in Weyerhaeuser by 2.4% in 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 Wealth Concepts LLC increased its position in Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 367 shares during the period. CWM LLC raised its stake in Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after acquiring an additional 368 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in Weyerhaeuser by 5.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust’s stock worth $281,000 after acquiring an additional 414 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 0.4 %

WY stock opened at $30.00 on Wednesday. The firm has a market cap of $21.79 billion, a PE ratio of 54.54, a P/E/G ratio of 4.69 and a beta of 1.42. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $29.50 and a 200 day simple moving average of $30.92.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating 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%. Equities research analysts forecast that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WY. Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. BMO Capital Markets raised 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. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.