Weyerhaeuser (NYSE:WY) Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in Weyerhaeuser (NYSE:WY) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,852,503 shares of the real estate investment trust’s stock after purchasing an additional 249,257 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Weyerhaeuser were worth $247,793,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser in the third quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 worth $32,000 after buying an additional 928 shares in the last quarter. Meeder Asset Management Inc. boosted its stake 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 buying an additional 719 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser during the 3rd quarter valued at $45,000. Finally, AdvisorNet Financial Inc increased its stake in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Citigroup reduced their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Truist Financial dropped their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Finally, StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Price Performance

NYSE WY opened at $30.00 on Wednesday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a fifty day simple moving average of $29.50 and a 200 day simple moving average of $30.92. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market cap of $21.79 billion, a P/E ratio of 54.54, a P/E/G ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that Weyerhaeuser will post 0.8 EPS for the current 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.