Tectonic Advisors LLC Buys New Shares in Weyerhaeuser (NYSE:WY)

Tectonic Advisors 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 Securities and Exchange Commission (SEC). The institutional investor acquired 14,679 shares of the real estate investment trust's stock, valued at approximately $413,000.

Several other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares during the period. State Street Corp grew its position in Weyerhaeuser by 2.5% in the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock valued at $1,063,463,000 after buying an additional 761,757 shares during the last quarter. Geode Capital Management LLC increased its stake in Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock valued at $659,422,000 after buying an additional 217,510 shares during the period. Charles Schwab Investment Management Inc. raised its position in Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock worth $295,940,000 after buying an additional 454,095 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock worth $291,306,000 after acquiring an additional 2,004,073 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of WY stock traded up $0.21 during mid-day trading on Monday, reaching $30.26. The stock had a trading volume of 1,060,389 shares, compared to its average volume of 3,538,391. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $29.54 and a 200 day simple moving average of $30.92. The company has a market cap of $21.99 billion, a P/E ratio of 55.03, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

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 the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WY shares. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Raymond James raised 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 reduced their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $35.00.

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.