Entropy Technologies LP Trims Position in Weyerhaeuser (NYSE:WY)

Entropy Technologies LP reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 78.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,747 shares of the real estate investment trust's stock after selling 85,998 shares during the quarter. Entropy Technologies LP's holdings in Weyerhaeuser were worth $668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of Weyerhaeuser by 2.2% in the third 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 during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Weyerhaeuser by 249.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,157 shares of the real estate investment trust's stock valued at $242,000 after purchasing an additional 5,107 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Weyerhaeuser during the 3rd quarter worth $233,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 928 shares during the last quarter. Finally, Procyon Advisors LLC increased its stake in Weyerhaeuser by 3.1% in the third quarter. Procyon Advisors LLC now owns 63,109 shares of the real estate investment trust's stock valued at $2,137,000 after purchasing an additional 1,922 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WY shares. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Truist Financial lowered 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. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Friday, December 6th. Finally, Citigroup dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Price Performance

Weyerhaeuser stock traded down $0.10 during midday trading on Friday, reaching $29.60. The company's stock had a trading volume of 2,638,712 shares, compared to its average volume of 3,637,051. The firm has a market capitalization of $21.51 billion, a PE ratio of 53.82, a P/E/G ratio of 4.69 and a beta of 1.42. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock's 50 day simple moving average is $29.37 and its 200 day simple moving average is $30.88. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results 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%. On average, equities research analysts forecast that Weyerhaeuser will post 0.8 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company 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 $0.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is currently 145.46%.

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.