Curbstone Financial Management Corp cut its stake in Weyerhaeuser (NYSE:WY) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,970 shares of the real estate investment trust’s stock after selling 3,280 shares during the quarter. Curbstone Financial Management Corp’s holdings in Weyerhaeuser were worth $3,630,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in WY. FMR LLC lifted its holdings in Weyerhaeuser by 336.8% in the first quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock valued at $54,594,000 after acquiring an additional 1,598,165 shares during the period. First Allied Advisory Services Inc. acquired a new position in Weyerhaeuser in the third quarter valued at approximately $206,000. Public Sector Pension Investment Board lifted its holdings in Weyerhaeuser by 25.5% in the third quarter. Public Sector Pension Investment Board now owns 90,417 shares of the real estate investment trust’s stock valued at $2,579,000 after acquiring an additional 18,400 shares during the period. Engineers Gate Manager LP acquired a new position in Weyerhaeuser in the third quarter valued at approximately $585,000. Finally, ExodusPoint Capital Management LP acquired a new position in Weyerhaeuser in the third quarter valued at approximately $1,744,000. 77.46% of the stock is owned by institutional investors.
NYSE WY traded down $0.02 during mid-day trading on Thursday, hitting $36.81. The stock had a trading volume of 20,071 shares, compared to its average volume of 4,560,331. The firm’s 50 day moving average is $34.97 and its 200 day moving average is $31.93. Weyerhaeuser has a twelve month low of $16.05 and a twelve month high of $37.28. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.28 and a quick ratio of 1.72. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 89.83 and a beta of 1.96.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 28th. The real estate investment trust reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). Weyerhaeuser had a net margin of 4.67% and a return on equity of 3.59%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $0.03 earnings per share. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. As a group, equities research analysts expect that Weyerhaeuser will post 0.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Friday, March 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, March 4th. Weyerhaeuser’s dividend payout ratio is currently 174.36%.
A number of brokerages have issued reports on WY. Raymond James boosted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, February 2nd. DA Davidson upped their target price on Weyerhaeuser from $29.00 to $34.00 in a research note on Monday, February 1st. Finally, TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Friday, December 18th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $31.38.
In other Weyerhaeuser news, CFO Russell S. Hagen sold 24,000 shares of the company’s stock in a transaction on Tuesday, February 2nd. The stock was sold at an average price of $32.10, for a total value of $770,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.
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.
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