Weyerhaeuser (NYSE:WY) Shares Sold by SFE Investment Counsel

SFE Investment Counsel lessened its position in Weyerhaeuser (NYSE:WY) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,673 shares of the real estate investment trust’s stock after selling 4,447 shares during the period. SFE Investment Counsel’s holdings in Weyerhaeuser were worth $3,678,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. bought a new stake in Weyerhaeuser in the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $32,000 after purchasing an additional 928 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 719 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser during the third quarter valued at approximately $45,000. Finally, Capital Performance Advisors LLP bought a new stake in Weyerhaeuser during the third quarter worth approximately $50,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the topic of several research reports. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, December 23rd. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. Finally, Truist Financial reduced their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Down 1.3 %

Shares of Weyerhaeuser stock opened at $29.60 on Thursday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a market cap of $21.51 billion, a P/E ratio of 53.82, a P/E/G ratio of 4.69 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $29.43 and a 200 day moving average price of $30.90.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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, analysts expect that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

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.