31,349 Weyerhaeuser Company $WY Shares Acquired by Greenfield Seitz Capital Management LLC

Greenfield Seitz Capital Management LLC lifted its stake in Weyerhaeuser Company (NYSE:WY) by 126.5% in the third quarter, HoldingsChannel reports. The firm owned 56,135 shares of the real estate investment trust’s stock after purchasing an additional 31,349 shares during the period. Greenfield Seitz Capital Management LLC’s holdings in Weyerhaeuser were worth $1,069,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its holdings in Weyerhaeuser by 10.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock worth $1,225,232,000 after buying an additional 4,885,818 shares during the period. Wellington Management Group LLP lifted its stake in Weyerhaeuser by 14.3% during the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock valued at $1,043,164,000 after buying an additional 5,437,685 shares in the last quarter. State Street Corp lifted its stake in Weyerhaeuser by 3.3% during the second quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust’s stock valued at $821,117,000 after buying an additional 1,106,553 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Weyerhaeuser during the second quarter valued at about $468,969,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Weyerhaeuser by 11.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,212,273 shares of the real estate investment trust’s stock worth $151,766,000 after buying an additional 639,334 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of several recent analyst reports. DA Davidson decreased their target price on shares of Weyerhaeuser from $31.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, September 3rd. Citigroup upped their price target on shares of Weyerhaeuser from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Friday, July 10th. Finally, Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.10.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $21.25 on Tuesday. Weyerhaeuser Company has a 12 month low of $18.25 and a 12 month high of $27.75. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The stock has a market cap of $15.32 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The business has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $23.67.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.92 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. Weyerhaeuser’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, sell-side analysts anticipate that Weyerhaeuser Company will post 0.27 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser’s payout ratio is 135.48%.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.