Auxier Asset Management Trims Holdings in Weyerhaeuser (NYSE:WY)

Auxier Asset Management trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,890 shares of the real estate investment trust’s stock after selling 826 shares during the quarter. Auxier Asset Management’s holdings in Weyerhaeuser were worth $278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. South Plains Financial Inc. purchased a new position in Weyerhaeuser in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new position in Weyerhaeuser in the 4th quarter worth about $27,000. Assetmark Inc. increased its position in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 922 shares during the period. Asset Planning Inc bought a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $36,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 807 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

WY opened at $25.22 on Friday. The firm has a market capitalization of $18.29 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The business’s 50-day moving average is $26.64 and its two-hundred day moving average is $28.85. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.03.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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 3.86% and a net margin of 5.56%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $0.16 EPS. The business’s quarterly revenue was down 4.9% on a year-over-year basis. Research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.33%. Weyerhaeuser’s dividend payout ratio is currently 168.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. CIBC dropped their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Weyerhaeuser in a research note on Friday. Finally, Truist Financial dropped their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

Weyerhaeuser Company 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.