Nordea Investment Management AB Boosts Stock Position in Weyerhaeuser (NYSE:WY)

Nordea Investment Management AB boosted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,923,093 shares of the real estate investment trust's stock after purchasing an additional 181,973 shares during the period. Nordea Investment Management AB owned about 0.26% of Weyerhaeuser worth $54,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Trust Co increased its holdings in Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock valued at $1,801,000 after buying an additional 331 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 350 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 367 shares during the period. CWM LLC raised its holdings in Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock worth $582,000 after purchasing an additional 368 shares during the period. Finally, Trust Co. of Toledo NA OH grew its holdings in Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust's stock valued at $1,457,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WY. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, December 6th. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Monday, December 16th. Finally, Truist Financial cut their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $35.57.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded down $0.33 during trading hours on Wednesday, reaching $27.68. The company's stock had a trading volume of 3,939,108 shares, compared to its average volume of 3,238,602. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The firm has a 50 day moving average price of $30.19 and a 200-day moving average price of $30.72. The stock has a market cap of $20.11 billion, a P/E ratio of 37.41 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, analysts predict 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 issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.89%. Weyerhaeuser's payout ratio is presently 108.11%.

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.