Seaward Management Limited Partnership decreased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,421 shares of the real estate investment trust’s stock after selling 1,600 shares during the period. Seaward Management Limited Partnership’s holdings in Weyerhaeuser were worth $1,645,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Weyerhaeuser by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,962 shares of the real estate investment trust’s stock valued at $9,118,000 after buying an additional 7,182 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $5,692,000. RMB Capital Management LLC purchased a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $542,000. Kentucky Retirement Systems purchased a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $1,633,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $729,000. 76.45% of the stock is currently owned by institutional investors.
Shares of Weyerhaeuser Company (WY) traded down 0.21% during midday trading on Monday, reaching $32.87. 282,754 shares of the company were exchanged. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50. The stock has a 50-day moving average price of $33.44 and a 200 day moving average price of $33.21. The company has a market capitalization of $24.74 billion, a P/E ratio of 25.84 and a beta of 1.41.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.14%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser Company will post $1.02 EPS for the current fiscal year.
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WY has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, April 10th. BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 12th. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 target price on shares of Weyerhaeuser in a research note on Tuesday, April 18th. Citigroup Inc. reissued a “buy” rating and set a $39.00 target price (up from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Finally, ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus target price of $36.56.
About Weyerhaeuser
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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