Praxis Investment Management Inc. Has $600,000 Stock Holdings in Weyerhaeuser Company (NYSE:WY)

Praxis Investment Management Inc. increased its position in shares of Weyerhaeuser Company (NYSE:WY) by 43.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,490 shares of the real estate investment trust’s stock after purchasing an additional 6,180 shares during the quarter. Praxis Investment Management Inc.’s holdings in Weyerhaeuser were worth $600,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WY. Truist Financial Corp raised its position in Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after purchasing an additional 1,373 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Weyerhaeuser by 36.7% in the 4th quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 3,084 shares during the period. Farther Finance Advisors LLC raised its position in shares of Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 6,622 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Weyerhaeuser by 12.2% during the fourth quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 779 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Weyerhaeuser by 12.5% during the fourth quarter. Cetera Investment Advisers now owns 70,319 shares of the real estate investment trust’s stock valued at $1,979,000 after acquiring an additional 7,810 shares during the period. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective on the stock. CIBC cut their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. Citigroup dropped their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, June 3rd. Finally, Truist Financial reduced their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average target price of $33.25.

Weyerhaeuser Stock Up 0.8%

Shares of WY stock opened at $26.19 on Friday. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 33.96 and a beta of 1.16. The firm’s 50-day moving average is $26.03 and its 200-day moving average is $28.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The business’s revenue was down 4.9% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. Weyerhaeuser’s dividend payout ratio (DPR) is 168.00%.

Weyerhaeuser declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.