Harbor Capital Advisors Inc. Makes New Investment in Weyerhaeuser (NYSE:WY)

Harbor Capital Advisors Inc. bought a new position in shares of Weyerhaeuser (NYSE:WY) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,359 shares of the real estate investment trust’s stock, valued at approximately $148,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new position in Weyerhaeuser during the 3rd quarter worth approximately $25,000. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Park Place Capital Corp boosted its stake in shares of Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WY. Citigroup decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Truist Financial boosted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, DA Davidson reduced 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. One investment 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.com, the stock has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Price Performance

WY stock opened at $31.74 on Friday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The stock’s 50 day moving average price is $32.19 and its 200 day moving average price is $30.79. The firm has a market cap of $23.06 billion, a P/E ratio of 42.89 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, sell-side analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

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