Handelsbanken Fonder AB Purchases 36,640 Shares of Weyerhaeuser (NYSE:WY)

Handelsbanken Fonder AB lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 364,392 shares of the real estate investment trust’s stock after purchasing an additional 36,640 shares during the period. Handelsbanken Fonder AB’s holdings in Weyerhaeuser were worth $12,670,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Weyerhaeuser by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after purchasing an additional 58,688 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after purchasing an additional 3,573,013 shares during the last quarter. Northern Trust Corp increased its stake in shares of Weyerhaeuser by 4.7% during the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock worth $363,129,000 after purchasing an additional 532,923 shares during the last quarter. Invesco Ltd. increased its stake in shares of Weyerhaeuser by 3.5% during the 3rd quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock worth $333,403,000 after purchasing an additional 365,241 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Weyerhaeuser by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock worth $239,529,000 after purchasing an additional 95,445 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Stock Performance

NYSE WY opened at $31.73 on Wednesday. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The company has a market capitalization of $23.15 billion, a P/E ratio of 27.59 and a beta of 1.43. The company has a fifty day moving average of $34.05 and a 200-day moving average of $32.72.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Weyerhaeuser will post 1.01 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.52%. Weyerhaeuser’s payout ratio is currently 69.57%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock valued at $1,455,609 over the last three months. Insiders own 0.30% of the company’s stock.

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.