Wolff Wiese Magana LLC Takes $403,000 Position in Weyerhaeuser (NYSE:WY)

Wolff Wiese Magana LLC bought a new stake in shares of Weyerhaeuser (NYSE:WY) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 11,909 shares of the real estate investment trust’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WY. Swedbank AB acquired a new stake in Weyerhaeuser during the first quarter valued at approximately $106,141,000. Price T Rowe Associates Inc. MD boosted its stake in Weyerhaeuser by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after buying an additional 2,874,101 shares in the last quarter. M&G Plc acquired a new stake in Weyerhaeuser in the 1st quarter valued at $60,792,000. Principal Financial Group Inc. grew its position in Weyerhaeuser by 145.0% in the first quarter. Principal Financial Group Inc. now owns 2,491,743 shares of the real estate investment trust’s stock valued at $89,479,000 after acquiring an additional 1,474,806 shares during the period. Finally, Millennium Management LLC raised its stake in Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock worth $44,386,000 after acquiring an additional 1,308,125 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Performance

WY stock opened at $33.47 on Thursday. The company has a 50 day moving average price of $31.78 and a 200 day moving average price of $30.97. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The stock has a market capitalization of $24.34 billion, a PE ratio of 32.50 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Weyerhaeuser will post 0.51 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.39%. Weyerhaeuser’s dividend payout ratio is currently 77.67%.

Analyst Ratings Changes

Several equities research analysts have recently commented on WY shares. Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. DA Davidson reduced their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.33.

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.