Dimensional Fund Advisors LP Increases Stock Holdings in Weyerhaeuser Company $WY

Dimensional Fund Advisors LP raised its position in Weyerhaeuser Company (NYSE:WY) by 7.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 499,922 shares of the real estate investment trust’s stock after acquiring an additional 33,503 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Weyerhaeuser were worth $12,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Weyerhaeuser by 4.4% during the 4th quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock worth $980,250,000 after buying an additional 1,731,315 shares during the period. First Eagle Investment Management LLC lifted its holdings in Weyerhaeuser by 166.1% during the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after buying an additional 23,485,504 shares in the last quarter. State Street Corp boosted its position in Weyerhaeuser by 1.7% in the 4th quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock valued at $782,513,000 after buying an additional 562,781 shares during the period. Norges Bank purchased a new position in Weyerhaeuser in the 4th quarter valued at approximately $549,531,000. Finally, Geode Capital Management LLC boosted its position in Weyerhaeuser by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock valued at $479,155,000 after buying an additional 225,227 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $25.59 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $24.30 and a 200-day simple moving average of $24.60. The stock has a market cap of $18.45 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. Weyerhaeuser’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities analysts expect that Weyerhaeuser Company will post 0.31 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 129.23%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WY. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. Truist Financial reaffirmed a “hold” rating and issued a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. Citigroup decreased their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, 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 research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock 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.