abrdn plc Buys 128,055 Shares of Weyerhaeuser (NYSE:WY)

abrdn plc boosted its stake in shares of Weyerhaeuser (NYSE:WY) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,256,780 shares of the real estate investment trust’s stock after acquiring an additional 128,055 shares during the period. abrdn plc owned 0.45% of Weyerhaeuser worth $110,161,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in shares of Weyerhaeuser by 0.8% in the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after purchasing an additional 348 shares during the period. Wedmont Private Capital increased its position in Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 350 shares in the last quarter. Institute for Wealth Management LLC. increased its position in Weyerhaeuser by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 366 shares in the last quarter. CWM LLC increased its position in Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 402 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on WY shares. DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Royal Bank of Canada upped their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $31.95 on Tuesday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $32.08 and its 200 day simple moving average is $30.81. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 43.18 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. Sell-side analysts forecast that Weyerhaeuser will post 0.45 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given 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 dividend yield of 2.50%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Insiders Place Their Bets

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

Weyerhaeuser Company 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.