Adalta Capital Management LLC Purchases 1,840 Shares of Weyerhaeuser (NYSE:WY)

Adalta Capital Management LLC grew its position in shares of Weyerhaeuser (NYSE:WY) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,317 shares of the real estate investment trust’s stock after buying an additional 1,840 shares during the period. Weyerhaeuser accounts for 3.2% of Adalta Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Adalta Capital Management LLC’s holdings in Weyerhaeuser were worth $6,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Duff & Phelps Investment Management Co. raised its stake in Weyerhaeuser by 9.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock valued at $10,383,000 after acquiring an additional 25,554 shares during the period. Barclays PLC increased its stake in shares of Weyerhaeuser by 9.6% in the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust’s stock worth $59,406,000 after purchasing an additional 153,919 shares in the last quarter. Groupama Asset Managment lifted its stake in shares of Weyerhaeuser by 2.1% during the 3rd quarter. Groupama Asset Managment now owns 58,253 shares of the real estate investment trust’s stock valued at $1,972,000 after buying an additional 1,199 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Weyerhaeuser by 7.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 222,000 shares of the real estate investment trust’s stock valued at $7,517,000 after buying an additional 15,403 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in Weyerhaeuser by 7.9% in the 3rd quarter. MML Investors Services LLC now owns 76,897 shares of the real estate investment trust’s stock worth $2,604,000 after buying an additional 5,632 shares during the period. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Weyerhaeuser Trading Up 1.1 %

Shares of WY stock opened at $31.29 on Monday. The company has a market capitalization of $22.73 billion, a PE ratio of 42.28 and a beta of 1.40. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The business’s fifty day moving average is $31.98 and its 200 day moving average is $30.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the firm posted $0.33 EPS. The company’s revenue was down 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.56%. Weyerhaeuser’s payout ratio is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WY shares. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday. Finally, Truist Financial raised their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.