Oak Thistle LLC Buys Shares of 43,114 Weyerhaeuser (NYSE:WY)

Oak Thistle LLC acquired a new stake in Weyerhaeuser (NYSE:WY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 43,114 shares of the real estate investment trust's stock, valued at approximately $1,214,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. acquired a new position in Weyerhaeuser during the third quarter valued at approximately $25,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser in the second quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares in the last quarter. Bangor Savings Bank increased its holdings in Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after buying an additional 651 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Weyerhaeuser by 172.4% during the third 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 in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analyst Weigh In

WY has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Monday, December 16th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Finally, Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.14.

Weyerhaeuser Stock Performance

NYSE WY traded up $0.64 on Wednesday, reaching $29.60. The stock had a trading volume of 4,748,710 shares, compared to its average volume of 3,657,990. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company has a market cap of $21.51 billion, a P/E ratio of 40.00 and a beta of 1.42. The firm has a fifty day moving average of $29.92 and a two-hundred day moving average of $30.73. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. On average, equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is currently 108.11%.

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.