Evanson Asset Management LLC Has $232,000 Position in Weyerhaeuser (NYSE:WY)

Evanson Asset Management LLC decreased its holdings in shares of Weyerhaeuser (NYSE:WY) by 20.8% in the 4th quarter, HoldingsChannel reports. The firm owned 8,245 shares of the real estate investment trust’s stock after selling 2,159 shares during the period. Evanson Asset Management LLC’s holdings in Weyerhaeuser were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser in the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 valued at $32,000 after acquiring an additional 928 shares during the period. Bangor Savings Bank increased its position in shares of Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 719 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Up 0.7 %

WY opened at $30.24 on Tuesday. The company’s 50 day moving average price is $29.82 and its two-hundred day moving average price is $30.78. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 40.86 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 company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. As a group, research analysts predict that Weyerhaeuser will post 0.49 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s payout ratio is presently 108.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BMO Capital Markets upgraded 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 report on Friday, December 6th. Truist Financial lowered 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. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Raymond James upgraded shares of 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

About Weyerhaeuser

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.