Archer Investment Corp Sells 640 Shares of Weyerhaeuser (NYSE:WY)

Archer Investment Corp cut its stake in Weyerhaeuser (NYSE:WY) by 29.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,525 shares of the real estate investment trust’s stock after selling 640 shares during the period. Archer Investment Corp’s holdings in Weyerhaeuser were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser in the third quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares during the period. Meeder Asset Management Inc. boosted its holdings in Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 719 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $45,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 486 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Price Performance

Shares of WY stock opened at $30.04 on Friday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $29.58 and its 200-day moving average is $30.92. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Sell-side analysts forecast that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on WY shares. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

About Weyerhaeuser

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.