TCV Trust & Wealth Management Inc. Grows Stock Holdings in Weyerhaeuser (NYSE:WY)

TCV Trust & Wealth Management Inc. grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 37.0% during the fourth quarter, HoldingsChannel reports. The firm owned 8,882 shares of the real estate investment trust’s stock after purchasing an additional 2,400 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Weyerhaeuser were worth $250,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. CWM LLC boosted its stake in Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 368 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Weyerhaeuser by 249.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,157 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 5,107 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Weyerhaeuser in the third quarter worth approximately $233,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Weyerhaeuser by 4,884.2% in 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 during the period. Finally, Procyon Advisors LLC grew its holdings in Weyerhaeuser by 3.1% in the third quarter. Procyon Advisors LLC now owns 63,109 shares of the real estate investment trust’s stock valued at $2,137,000 after purchasing an additional 1,922 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WY. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. Citigroup lowered their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Truist Financial cut 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Down 0.4 %

NYSE WY opened at $30.00 on Wednesday. The stock has a market cap of $21.79 billion, a PE ratio of 54.54, a P/E/G ratio of 4.69 and a beta of 1.42. The business has a 50 day moving average price of $29.50 and a two-hundred day moving average price of $30.92. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week 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.

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, topping 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%. As a group, sell-side analysts predict that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Weyerhaeuser 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.