Bowen Hanes & Co. Inc. Increases Stock Position in Weyerhaeuser (NYSE:WY)

Bowen Hanes & Co. Inc. lifted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 975,758 shares of the real estate investment trust's stock after purchasing an additional 160,000 shares during the quarter. Bowen Hanes & Co. Inc. owned 0.13% of Weyerhaeuser worth $27,468,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Assetmark Inc. increased its position in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 922 shares during the period. Asset Planning Inc purchased a new position in Weyerhaeuser during the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. increased its holdings 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 worth $38,000 after acquiring an additional 719 shares during the period. AdvisorNet Financial Inc lifted its stake in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 486 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Weyerhaeuser in the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

WY has been the topic of several research analyst reports. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Truist Financial decreased their target price on 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 upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Finally, CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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Weyerhaeuser Price Performance

NYSE WY traded up $0.53 on Monday, reaching $30.00. 3,217,158 shares of the company's stock traded hands, compared to its average volume of 3,348,129. The stock has a market cap of $21.76 billion, a PE ratio of 54.54, a P/E/G ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a 50-day simple moving average of $29.83 and a 200 day simple moving average of $30.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is 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.