Weyerhaeuser (NYSE:WY) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in Weyerhaeuser (NYSE:WY) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,923,093 shares of the real estate investment trust’s stock after purchasing an additional 181,973 shares during the quarter. Nordea Investment Management AB owned about 0.26% of Weyerhaeuser worth $54,231,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WY. Oakworth Capital Inc. acquired a new position in Weyerhaeuser during the 3rd quarter valued at about $25,000. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. raised 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 last quarter. Bangor Savings Bank boosted its stake in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. grew 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 purchasing an additional 719 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Finally, Truist Financial decreased their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.57.

Weyerhaeuser Stock Down 1.6 %

Shares of WY stock opened at $28.04 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The stock has a 50 day moving average of $30.27 and a 200 day moving average of $30.74. The stock has a market cap of $20.37 billion, a P/E ratio of 37.89 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business’s revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. As a group, sell-side analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

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.