Sumitomo Mitsui DS Asset Management Company Ltd Has $2.87 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Weyerhaeuser (NYSE:WY) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 102,014 shares of the real estate investment trust’s stock after buying an additional 1,236 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Weyerhaeuser were worth $2,872,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WY. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser during the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Weyerhaeuser by 4,884.2% in 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 in the last quarter. Meeder Asset Management Inc. boosted its position in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $45,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY opened at $30.04 on Monday. 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 has a 12-month low of $26.73 and a 12-month high of $36.27. The business has a 50 day moving average of $29.54 and a 200-day moving average of $30.92. The stock 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 (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, equities research analysts expect that Weyerhaeuser will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WY has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup lowered their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Finally, 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 report on Monday, December 23rd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.00.

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.