Weyerhaeuser Company $WY Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich trimmed its holdings in Weyerhaeuser Company (NYSE:WY) by 21.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,809,185 shares of the real estate investment trust’s stock after selling 503,641 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Weyerhaeuser were worth $44,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Montag A & Associates Inc. grew its position in shares of Weyerhaeuser by 106.8% in the first quarter. Montag A & Associates Inc. now owns 122,009 shares of the real estate investment trust’s stock valued at $2,981,000 after purchasing an additional 63,010 shares during the period. Unison Advisors LLC raised its position in shares of Weyerhaeuser by 0.8% during the 1st quarter. Unison Advisors LLC now owns 71,662 shares of the real estate investment trust’s stock worth $1,751,000 after purchasing an additional 578 shares during the last quarter. Stephens Inc. AR raised its position in shares of Weyerhaeuser by 5.3% during the 1st quarter. Stephens Inc. AR now owns 32,888 shares of the real estate investment trust’s stock worth $813,000 after purchasing an additional 1,660 shares during the last quarter. Praxis Investment Management Inc. lifted its stake in Weyerhaeuser by 69.5% in the 1st quarter. Praxis Investment Management Inc. now owns 36,888 shares of the real estate investment trust’s stock valued at $901,000 after buying an additional 15,124 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in Weyerhaeuser by 25.4% in the 1st quarter. HB Wealth Management LLC now owns 32,112 shares of the real estate investment trust’s stock worth $784,000 after buying an additional 6,505 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE WY opened at $22.50 on Thursday. The stock has a fifty day simple moving average of $24.04 and a 200-day simple moving average of $24.63. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market cap of $16.22 billion, a PE ratio of 41.66, a P/E/G ratio of 1.34 and a beta of 0.89. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the firm earned $0.11 EPS. Weyerhaeuser’s revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that Weyerhaeuser Company will post 0.31 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s payout ratio is 155.56%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research report on Thursday, April 23rd. Citigroup decreased their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Truist Financial dropped their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Company Profile

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.