Nomura Asset Management Co. Ltd. Purchases 15,403 Shares of Weyerhaeuser (NYSE:WY)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,000 shares of the real estate investment trust’s stock after buying an additional 15,403 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $7,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WY. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the second quarter worth about $26,000. Itau Unibanco Holding S.A. acquired a new stake in Weyerhaeuser during the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the period. Finally, Bangor Savings Bank grew its stake in shares of Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 651 shares during the period. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of several recent analyst reports. Truist Financial boosted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Down 1.6 %

Shares of NYSE WY opened at $30.40 on Friday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The firm’s 50-day simple moving average is $31.83 and its 200 day simple moving average is $30.85. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 41.08 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. Weyerhaeuser’s payout ratio is currently 108.11%.

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.