SFE Investment Counsel Reduces Position in Weyerhaeuser Company (WY)
SFE Investment Counsel decreased its position in shares of Weyerhaeuser Company (NYSE:WY) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,783 shares of the real estate investment trust’s stock after selling 25,525 shares during the period. Weyerhaeuser comprises about 2.7% of SFE Investment Counsel’s holdings, making the stock its 10th largest position. SFE Investment Counsel’s holdings in Weyerhaeuser were worth $6,726,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Barnett & Company Inc. bought a new stake in Weyerhaeuser during the second quarter worth about $101,000. First Personal Financial Services raised its stake in Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Weyerhaeuser during the second quarter worth about $109,000. Alexandria Capital LLC raised its stake in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its stake in Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. Institutional investors own 76.20% of the company’s stock.
Weyerhaeuser Company (NYSE WY) opened at 31.70 on Friday. The company has a market capitalization of $23.87 billion, a price-to-earnings ratio of 24.92 and a beta of 1.40. The firm has a 50-day moving average price of $32.66 and a 200-day moving average price of $33.35. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts anticipate that Weyerhaeuser Company will post $1.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.91%. Weyerhaeuser’s payout ratio is 97.64%.
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A number of research firms recently issued reports on WY. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $35.00 in a research note on Wednesday, July 5th. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser currently has an average rating of “Hold” and a consensus target price of $37.00.
Weyerhaeuser Company Profile
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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