NEOS Investment Management LLC Has $1.18 Million Position in Weyerhaeuser (NYSE:WY)

NEOS Investment Management LLC raised its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,066 shares of the real estate investment trust's stock after buying an additional 9,951 shares during the quarter. NEOS Investment Management LLC's holdings in Weyerhaeuser were worth $1,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of 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 worth $1,210,694,000 after buying an additional 4,035,048 shares in the last quarter. State Street Corp lifted its holdings in shares of Weyerhaeuser by 2.5% during the third 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 acquiring an additional 761,757 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 217,510 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock worth $404,299,000 after purchasing an additional 158,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Weyerhaeuser by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock worth $252,958,000 after purchasing an additional 245,962 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

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Weyerhaeuser Stock Performance

Shares of WY stock traded down $1.09 during trading on Thursday, reaching $28.39. 1,275,786 shares of the company's stock were exchanged, compared to its average volume of 3,621,810. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $35.30. The stock has a market capitalization of $20.61 billion, a PE ratio of 51.62, a PEG ratio of 4.74 and a beta of 1.43. The firm's fifty day moving average price is $29.97 and its 200-day moving average price is $30.66. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.96%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser's dividend payout ratio is currently 152.73%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research analyst reports. Citigroup decreased their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Truist Financial dropped their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

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.