Caxton Associates LP reduced its stake in shares of Weyerhaeuser Company (NYSE:WY) by 93.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,900 shares of the real estate investment trust’s stock after selling 234,100 shares during the quarter. Caxton Associates LP’s holdings in Weyerhaeuser were worth $533,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WY. State of Tennessee Treasury Department grew its holdings in shares of Weyerhaeuser by 11.3% during the 1st quarter. State of Tennessee Treasury Department now owns 259,743 shares of the real estate investment trust’s stock worth $8,826,000 after purchasing an additional 26,409 shares in the last quarter. Holderness Investments Co. acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth $217,000. State of Wisconsin Investment Board grew its holdings in shares of Weyerhaeuser by 14.0% during the 1st quarter. State of Wisconsin Investment Board now owns 740,010 shares of the real estate investment trust’s stock worth $25,146,000 after purchasing an additional 91,038 shares in the last quarter. United Bank grew its holdings in shares of Weyerhaeuser by 3.3% during the 1st quarter. United Bank now owns 9,230 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 297 shares in the last quarter. Finally, Buckingham Asset Management LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth $224,000. 75.24% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on WY shares. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Friday, June 23rd. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser currently has an average rating of “Hold” and an average price target of $37.25.
Weyerhaeuser Company (NYSE:WY) traded up 0.163% during mid-day trading on Wednesday, reaching $34.376. The company had a trading volume of 146,574 shares. The stock has a 50 day moving average price of $33.13 and a 200-day moving average price of $33.32. The stock has a market capitalization of $25.88 billion, a P/E ratio of 27.025 and a beta of 1.39. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Equities analysts anticipate that Weyerhaeuser Company will post $1.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, September 7th. Weyerhaeuser’s payout ratio is 97.64%.
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.
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY).
Receive News & Ratings for Weyerhaeuser Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser Company and related companies with MarketBeat.com's FREE daily email newsletter.