Harbor Advisory Corp MA Sells 4,605 Shares of Weyerhaeuser (NYSE:WY)

Harbor Advisory Corp MA reduced its position in Weyerhaeuser (NYSE:WY) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,715 shares of the real estate investment trust’s stock after selling 4,605 shares during the quarter. Harbor Advisory Corp MA’s holdings in Weyerhaeuser were worth $696,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. bought a new position in Weyerhaeuser during the third quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 worth $32,000 after acquiring an additional 928 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Weyerhaeuser during the third quarter worth $45,000. Finally, AdvisorNet Financial Inc boosted its stake in Weyerhaeuser by 41.2% during 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 in the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Weyerhaeuser Stock Down 0.4 %

Weyerhaeuser stock opened at $30.00 on Wednesday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42. The firm’s fifty day moving average price is $29.50 and its two-hundred day moving average price is $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.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts predict that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

About Weyerhaeuser

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.