Asset Planning Inc Buys New Position in Weyerhaeuser (NYSE:WY)

Asset Planning Inc bought a new stake in Weyerhaeuser (NYSE:WY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,280 shares of the real estate investment trust’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WY. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $25,000. Meeder Asset Management Inc. boosted its position in shares of 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 valued at $38,000 after purchasing an additional 719 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $45,000. AdvisorNet Financial Inc boosted its position in shares of Weyerhaeuser by 41.2% during the 4th 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 in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $50,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY stock opened at $29.60 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock 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 firm has a 50 day simple moving average of $29.41 and a 200 day simple moving average of $30.89. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY) last posted 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 net margin of 5.56% and a return on equity of 3.86%. Research analysts anticipate that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. Weyerhaeuser’s payout ratio is 145.46%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WY. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial dropped 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. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.