Arizona State Retirement System Grows Position in Weyerhaeuser (NYSE:WY)

Arizona State Retirement System grew its stake in shares of Weyerhaeuser (NYSE:WY) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,250 shares of the real estate investment trust’s stock after purchasing an additional 2,388 shares during the quarter. Arizona State Retirement System’s holdings in Weyerhaeuser were worth $5,947,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after purchasing an additional 4,035,048 shares during the period. State Street Corp boosted its stake in shares of Weyerhaeuser by 2.5% during the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock valued at $1,063,463,000 after purchasing an additional 761,757 shares during the period. Geode Capital Management LLC lifted its stake in Weyerhaeuser by 1.1% in the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock worth $659,422,000 after acquiring an additional 217,510 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust’s stock worth $252,958,000 after acquiring an additional 245,962 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Weyerhaeuser by 2.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust’s stock worth $247,793,000 after acquiring an additional 249,257 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

WY opened at $30.69 on Friday. The stock has a fifty day simple moving average of $29.69 and a two-hundred day simple moving average of $30.80. 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 company has a market cap of $22.27 billion, a price-to-earnings ratio of 55.80, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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%. Research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.74%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.73%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research note on Wednesday, January 15th. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Citigroup dropped their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $35.00.

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.