Reinhart Partners Inc. Trims Position in Weyerhaeuser Co (NYSE:WY)

Reinhart Partners Inc. trimmed its position in Weyerhaeuser Co (NYSE:WY) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 983,798 shares of the real estate investment trust’s stock after selling 21,501 shares during the quarter. Weyerhaeuser comprises about 2.5% of Reinhart Partners Inc.’s investment portfolio, making the stock its 10th biggest position. Reinhart Partners Inc. owned about 0.13% of Weyerhaeuser worth $27,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Eagle Asset Management Inc. increased its position in shares of Weyerhaeuser by 66.5% during the third quarter. Eagle Asset Management Inc. now owns 53,794 shares of the real estate investment trust’s stock worth $1,490,000 after purchasing an additional 21,485 shares in the last quarter. Bourgeon Capital Management LLC raised its position in shares of Weyerhaeuser by 2.3% during the 3rd quarter. Bourgeon Capital Management LLC now owns 217,571 shares of the real estate investment trust’s stock worth $6,027,000 after purchasing an additional 4,935 shares during the last quarter. Armor Investment Advisors LLC raised its position in shares of Weyerhaeuser by 3.7% during the 3rd quarter. Armor Investment Advisors LLC now owns 20,940 shares of the real estate investment trust’s stock worth $580,000 after purchasing an additional 746 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Weyerhaeuser by 6.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 30,753 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Bartlett & Co. LLC raised its position in shares of Weyerhaeuser by 301.5% during the 3rd quarter. Bartlett & Co. LLC now owns 6,525 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 4,900 shares during the last quarter. 77.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Weyerhaeuser stock traded up $0.28 during mid-day trading on Friday, hitting $29.63. The stock had a trading volume of 2,275,022 shares, compared to its average volume of 4,317,481. The firm has a 50-day moving average of $28.20 and a two-hundred day moving average of $26.16. Weyerhaeuser Co has a 12-month low of $20.52 and a 12-month high of $30.28. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.72. The firm has a market cap of $22.11 billion, a P/E ratio of 25.11 and a beta of 1.66.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a positive return on equity of 3.78% and a negative net margin of 2.33%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. Sell-side analysts expect that Weyerhaeuser Co will post 0.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.59%. Weyerhaeuser’s dividend payout ratio is presently 115.25%.

A number of analysts have commented on the stock. ValuEngine upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Scotiabank set a $28.50 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. Bank of America set a $31.00 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets set a $32.00 price target on shares of Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.93.

About Weyerhaeuser

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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