Slocum Gordon & Co LLP Reduces Position in Weyerhaeuser (NYSE:WY)

Slocum Gordon & Co LLP trimmed its holdings in Weyerhaeuser (NYSE:WY) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,805 shares of the real estate investment trust’s stock after selling 8,130 shares during the quarter. Weyerhaeuser makes up about 2.4% of Slocum Gordon & Co LLP’s portfolio, making the stock its 14th biggest position. Slocum Gordon & Co LLP’s holdings in Weyerhaeuser were worth $2,978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth $1,153,000. Cubist Systematic Strategies LLC bought a new stake in Weyerhaeuser during the 2nd quarter valued at about $633,000. Czech National Bank boosted its position in Weyerhaeuser by 6.7% in the 3rd quarter. Czech National Bank now owns 148,161 shares of the real estate investment trust’s stock valued at $5,017,000 after buying an additional 9,246 shares during the period. GAMMA Investing LLC grew its stake in Weyerhaeuser by 6.3% in the 3rd quarter. GAMMA Investing LLC now owns 12,267 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 731 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new position in shares of Weyerhaeuser during the third quarter worth approximately $262,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $30.43 on Friday. The firm has a market capitalization of $22.11 billion, a P/E ratio of 55.33 and a beta of 1.42. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $29.58 and a 200 day moving average price of $30.92.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Sell-side analysts expect that Weyerhaeuser will post 0.84 EPS for the current year.

Analyst Ratings Changes

WY has been the subject of a number of research reports. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Finally, Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser 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.