Weyerhaeuser (NYSE:WY) Position Trimmed by AQR Capital Management LLC

AQR Capital Management LLC lowered its stake in Weyerhaeuser (NYSE:WY) by 44.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,700 shares of the real estate investment trust’s stock after selling 154,514 shares during the period. AQR Capital Management LLC’s holdings in Weyerhaeuser were worth $5,520,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of WY. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter worth $26,000. American National Bank boosted its position in shares of Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Weyerhaeuser in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth about $33,000. Finally, Park Place Capital Corp lifted its stake in Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.1 %

Weyerhaeuser stock opened at $32.89 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company’s fifty day simple moving average is $31.55 and its 200-day simple moving average is $31.15. The stock has a market cap of $23.92 billion, a P/E ratio of 29.90 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.43%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup dropped their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, DA Davidson decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.