Thrivent Financial for Lutherans Raises Holdings in Weyerhaeuser Company $WY

Thrivent Financial for Lutherans boosted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 167.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,774 shares of the real estate investment trust’s stock after acquiring an additional 94,421 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Weyerhaeuser were worth $3,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Allianz Asset Management GmbH lifted its holdings in Weyerhaeuser by 27.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock worth $46,636,000 after buying an additional 405,575 shares during the period. Citigroup Inc. lifted its holdings in Weyerhaeuser by 68.5% in the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after buying an additional 669,451 shares during the period. Principal Financial Group Inc. lifted its holdings in Weyerhaeuser by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock worth $91,128,000 after buying an additional 97,769 shares during the period. Nordea Investment Management AB lifted its holdings in Weyerhaeuser by 2.1% in the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock worth $56,310,000 after buying an additional 47,709 shares during the period. Finally, Creative Financial Designs Inc. ADV purchased a new stake in Weyerhaeuser in the 3rd quarter worth approximately $1,154,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WY has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, May 4th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Citigroup decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Stock Up 0.6%

Shares of NYSE:WY opened at $23.67 on Friday. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86. The firm has a market capitalization of $17.07 billion, a P/E ratio of 43.84, a P/E/G ratio of 1.33 and a beta of 0.90. The stock has a 50 day moving average price of $24.00 and a 200-day moving average price of $24.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. As a group, equities research analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s payout ratio is presently 155.56%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.