National Pension Service Has $736,000 Stock Position in Weyerhaeuser Company $WY

National Pension Service trimmed its position in Weyerhaeuser Company (NYSE:WY) by 97.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,077 shares of the real estate investment trust’s stock after selling 1,088,157 shares during the quarter. National Pension Service’s holdings in Weyerhaeuser were worth $736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WY. First Eagle Investment Management LLC boosted its holdings in shares of Weyerhaeuser by 166.1% in the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after buying an additional 23,485,504 shares during the period. Freestone Grove Partners LP boosted its holdings in shares of Weyerhaeuser by 124.5% in the third quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock worth $166,030,000 after buying an additional 3,713,932 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 6.3% in the third quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after buying an additional 2,343,724 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Weyerhaeuser by 86.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,300,937 shares of the real estate investment trust’s stock worth $106,620,000 after buying an additional 1,990,806 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Weyerhaeuser in the third quarter worth about $48,986,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. DA Davidson reissued a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, May 4th. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Finally, Truist Financial reduced their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Price Performance

Shares of WY opened at $23.74 on Tuesday. The firm has a market cap of $17.11 billion, a PE ratio of 43.96, a PEG ratio of 1.39 and a beta of 0.89. The firm’s 50 day moving average price is $24.08 and its 200 day moving average price is $24.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, research analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.