Byrne Asset Management LLC Reduces Stock Holdings in Weyerhaeuser (NYSE:WY)

Byrne Asset Management LLC lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,502 shares of the real estate investment trust’s stock after selling 1,165 shares during the period. Byrne Asset Management LLC’s holdings in Weyerhaeuser were worth $633,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WY. Sanctuary Advisors LLC purchased a new position in shares of Weyerhaeuser during the 2nd quarter worth about $1,153,000. Cubist Systematic Strategies LLC purchased a new position in shares of Weyerhaeuser during the second quarter valued at approximately $633,000. Czech National Bank grew its stake in shares of Weyerhaeuser by 6.7% during the third quarter. Czech National Bank now owns 148,161 shares of the real estate investment trust’s stock valued at $5,017,000 after buying an additional 9,246 shares during the last quarter. CWM LLC raised its holdings in shares of Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 368 shares during the period. Finally, Wedmont Private Capital lifted its stake in shares of Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 350 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on WY shares. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 15th. 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 report on Monday, December 23rd. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup lowered 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, January 15th. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $30.04 on Friday. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 4.69 and a beta of 1.42. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $29.58 and its 200 day moving average is $30.92.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

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.