Quantbot Technologies LP Purchases New Shares in Weyerhaeuser (NYSE:WY)

Quantbot Technologies LP acquired a new position in Weyerhaeuser (NYSE:WY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 490,598 shares of the real estate investment trust’s stock, valued at approximately $13,928,000. Weyerhaeuser makes up approximately 0.7% of Quantbot Technologies LP’s holdings, making the stock its 8th largest position. Quantbot Technologies LP owned approximately 0.07% of Weyerhaeuser as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in Weyerhaeuser by 3.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after buying an additional 31,355 shares during the period. Slagle Financial LLC boosted its stake in shares of Weyerhaeuser by 101.7% during the 4th quarter. Slagle Financial LLC now owns 114,270 shares of the real estate investment trust’s stock worth $3,973,000 after purchasing an additional 57,608 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Weyerhaeuser by 1,548.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 79,850 shares of the real estate investment trust’s stock valued at $2,776,000 after purchasing an additional 75,007 shares during the last quarter. M&G Plc grew its holdings in Weyerhaeuser by 16.2% during the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after purchasing an additional 273,291 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Weyerhaeuser by 243.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after purchasing an additional 242,744 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Up 3.3 %

NYSE WY opened at $32.45 on Monday. The company’s 50-day simple moving average is $30.42 and its two-hundred day simple moving average is $31.23. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 29.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Equities analysts forecast that Weyerhaeuser will post 0.52 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity at Weyerhaeuser

In other news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on WY. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, Truist Financial dropped their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.83.

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.