Weyerhaeuser Co (WY) Holdings Boosted by Pendal Group Ltd

Pendal Group Ltd boosted its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 52.9% during the first quarter, HoldingsChannel reports. The firm owned 77,226 shares of the real estate investment trust’s stock after purchasing an additional 26,711 shares during the period. Pendal Group Ltd’s holdings in Weyerhaeuser were worth $2,034,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Investors Research Corp purchased a new position in shares of Weyerhaeuser in the first quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in shares of Weyerhaeuser in the first quarter valued at approximately $32,000. Westside Investment Management Inc. lifted its position in shares of Weyerhaeuser by 160.0% in the fourth quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 800 shares in the last quarter. Enterprise Financial Services Corp lifted its position in shares of Weyerhaeuser by 121.8% in the first quarter. Enterprise Financial Services Corp now owns 1,324 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 727 shares in the last quarter. Finally, CNB Bank lifted its position in shares of Weyerhaeuser by 784.0% in the fourth quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,176 shares in the last quarter. Institutional investors own 77.79% of the company’s stock.

NYSE:WY opened at $26.78 on Friday. Weyerhaeuser Co has a one year low of $20.52 and a one year high of $38.39. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $19.95 billion, a P/E ratio of 22.69, a P/E/G ratio of 8.17 and a beta of 1.64.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Weyerhaeuser Co will post 0.66 earnings per share for the current year.

Several research firms have recently weighed in on WY. Seaport Global Securities began coverage on Weyerhaeuser in a research report on Tuesday, April 2nd. They issued a “buy” rating on the stock. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Stephens upgraded Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research report on Friday, April 5th. Raymond James set a $29.00 price target on Weyerhaeuser and gave the company a “buy” rating in a report on Tuesday, January 8th. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, March 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.10.

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Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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