Barings LLC trimmed its stake in Weyerhaeuser (NYSE:WY) by 88.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,755 shares of the real estate investment trust’s stock after selling 1,140,258 shares during the quarter. Barings LLC’s holdings in Weyerhaeuser were worth $5,207,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of WY. Bogart Wealth LLC boosted its stake in shares of Weyerhaeuser by 5.1% during the 4th quarter. Bogart Wealth LLC now owns 46,905 shares of the real estate investment trust’s stock worth $1,654,000 after acquiring an additional 2,261 shares during the period. Windward Capital Management Co. CA boosted its stake in shares of Weyerhaeuser by 89.5% during the 4th quarter. Windward Capital Management Co. CA now owns 49,914 shares of the real estate investment trust’s stock worth $1,760,000 after acquiring an additional 23,570 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Weyerhaeuser by 3.8% during the 4th quarter. North Star Investment Management Corp. now owns 54,024 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 1,978 shares during the period. Sawyer & Company Inc bought a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $535,000. Finally, Bristol Advisors LLC bought a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $215,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.
Several brokerages have recently commented on WY. Citigroup lifted their target price on Weyerhaeuser from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Zacks Investment Research raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Buy” and an average price target of $38.00.
NYSE:WY opened at $36.29 on Friday. The company has a market cap of $27.35 billion, a P/E ratio of 31.56, a PEG ratio of 4.94 and a beta of 1.38. The company has a quick ratio of 1.62, a current ratio of 2.11 and a debt-to-equity ratio of 0.69. Weyerhaeuser has a 1-year low of $35.98 and a 1-year high of $36.22.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Weyerhaeuser had a return on equity of 10.88% and a net margin of 9.42%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. equities research analysts forecast that Weyerhaeuser will post 1.46 earnings per share for the current year.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by insiders.
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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