Nisa Investment Advisors LLC Trims Stock Position in Weyerhaeuser (NYSE:WY)

Nisa Investment Advisors LLC trimmed its stake in Weyerhaeuser (NYSE:WY) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,600 shares of the real estate investment trust’s stock after selling 26,411 shares during the period. Nisa Investment Advisors LLC’s holdings in Weyerhaeuser were worth $8,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser during the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 valued at $32,000 after purchasing an additional 928 shares during the period. Bangor Savings Bank grew its stake in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 651 shares during the last quarter. Meeder Asset Management Inc. increased its position in Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser in the third quarter valued at approximately $45,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of WY opened at $29.93 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $29.77 and its two-hundred day moving average is $30.82. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market capitalization of $21.74 billion, a PE ratio of 40.44 and a beta of 1.42.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WY shares. Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James raised shares of 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. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Citigroup dropped their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have assigned 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 has an average rating of “Moderate Buy” and a consensus price target of $35.14.

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.