Weyerhaeuser (NYSE:WY) Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC cut its holdings in Weyerhaeuser (NYSE:WY) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,333 shares of the real estate investment trust’s stock after selling 980 shares during the quarter. Bristlecone Advisors LLC’s holdings in Weyerhaeuser were worth $1,755,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WY. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser during the third quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Weyerhaeuser by 4,884.2% during the third 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 in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 719 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Weyerhaeuser during the third quarter worth $45,000. Finally, Capital Performance Advisors LLP acquired a new position in Weyerhaeuser in the 3rd quarter worth about $50,000. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Down 1.3 %

Weyerhaeuser stock opened at $30.04 on Monday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month 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 of $29.54 and a 200-day moving average of $30.92. The stock has a market capitalization of $21.83 billion, a PE ratio of 54.62, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its 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 return on equity of 3.86% and a net margin of 5.56%. On average, equities research analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

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.