Weyerhaeuser Company $WY Stock Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its position in shares of Weyerhaeuser Company (NYSE:WY) by 12.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,000 shares of the real estate investment trust’s stock after buying an additional 35,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Weyerhaeuser were worth $6,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WY. Essential Partners LLC lifted its stake in Weyerhaeuser by 120,800.0% in the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,208 shares during the last quarter. Nvwm LLC increased its stake in shares of Weyerhaeuser by 174.7% during the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 800 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 617 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $35,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at about $52,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $27.00 target price on shares of Weyerhaeuser in a research note on Friday, October 30th. Royal Bank Of Canada dropped their price objective on Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Truist Financial dropped their price objective on Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Canadian Imperial Bank of Commerce reduced their target price on Weyerhaeuser from $25.00 to $24.00 and set an “outperformer” rating for the company in a research note on Monday, November 2nd. Finally, Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $28.00 to $25.00 in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $26.10.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $20.62 on Wednesday. Weyerhaeuser Company has a 52 week low of $18.25 and a 52 week high of $27.75. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 4.32 and a beta of 0.92. The company has a 50-day simple moving average of $20.47 and a 200 day simple moving average of $23.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.82.

Weyerhaeuser (NYSE:WY) last released 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 analysts’ expectations of $1.92 billion. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.27 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. Weyerhaeuser’s dividend payout ratio is presently 135.48%.

About Weyerhaeuser

Weyerhaeuser is a timber, land and wood-products company founded in 1900 and headquartered in Seattle. It owns and manages timberlands in the United States and holds long-term forest-management licenses in Canada. The company grows and harvests timber and manufactures wood products, including lumber, engineered wood products, oriented strand board and plywood. These materials are used in residential construction, remodeling and other building applications. Weyerhaeuser also manages its timberlands for real estate, energy and other natural-resource opportunities.