Thrivent Financial for Lutherans grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 723,951 shares of the real estate investment trust’s stock after purchasing an additional 109,570 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.10% of Weyerhaeuser worth $25,338,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its stake in Weyerhaeuser by 0.6% during the 4th quarter. BlackRock Inc. now owns 50,358,161 shares of the real estate investment trust’s stock worth $1,775,629,000 after purchasing an additional 311,144 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Weyerhaeuser by 1.0% during the 1st quarter. First Eagle Investment Management LLC now owns 37,995,660 shares of the real estate investment trust’s stock worth $1,329,848,000 after purchasing an additional 377,191 shares during the last quarter. American Century Companies Inc. boosted its stake in Weyerhaeuser by 9.2% during the 1st quarter. American Century Companies Inc. now owns 17,546,466 shares of the real estate investment trust’s stock worth $614,126,000 after purchasing an additional 1,482,573 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Weyerhaeuser by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 11,135,004 shares of the real estate investment trust’s stock worth $392,620,000 after purchasing an additional 30,203 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Weyerhaeuser by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 9,349,634 shares of the real estate investment trust’s stock worth $329,076,000 after acquiring an additional 318,697 shares during the period. 75.48% of the stock is currently owned by institutional investors.
WY has been the topic of several analyst reports. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. Finally, Citigroup lifted their price target on Weyerhaeuser from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 30th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $38.00.
In related news, VP Jeanne M. Hillman sold 15,389 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by insiders.
Shares of WY opened at $36.29 on Friday. The stock has a market capitalization of $27.35 billion, a P/E ratio of 31.56, a P/E/G ratio of 4.94 and a beta of 1.38. Weyerhaeuser has a 12-month low of $35.98 and a 12-month high of $36.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 2.11.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.83 billion. Weyerhaeuser had a net margin of 9.42% and a return on equity of 10.88%. Weyerhaeuser’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. analysts expect that Weyerhaeuser will post 1.46 earnings per share for the current year.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.
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