Bleakley Financial Group LLC Trims Stock Holdings in Weyerhaeuser (NYSE:WY)

Bleakley Financial Group LLC lessened its position in shares of Weyerhaeuser (NYSE:WY) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,749 shares of the real estate investment trust’s stock after selling 952 shares during the quarter. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WY. Oakworth Capital Inc. purchased a new position in Weyerhaeuser in the third quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the period. Meeder Asset Management Inc. grew its position in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser in the 3rd quarter valued at about $45,000. Finally, AdvisorNet Financial Inc lifted its position in Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 486 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WY has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial dropped their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $29.60 on Thursday. The stock has a market cap of $21.51 billion, a P/E ratio of 53.82, a P/E/G ratio of 4.69 and a beta of 1.42. The stock has a 50 day moving average of $29.47 and a two-hundred day moving average of $30.91. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, research analysts forecast that Weyerhaeuser will post 0.8 earnings per share for the current year.

Weyerhaeuser Profile

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.