Weyerhaeuser (NYSE:WY) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 39.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,455 shares of the real estate investment trust’s stock after purchasing an additional 7,992 shares during the period. Intech Investment Management LLC’s holdings in Weyerhaeuser were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $106,141,000. Allspring Global Investments Holdings LLC increased its holdings in Weyerhaeuser by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after buying an additional 2,004,073 shares in the last quarter. Millennium Management LLC raised its position in shares of Weyerhaeuser by 512.3% in 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 during the period. Van ECK Associates Corp boosted its stake in shares of Weyerhaeuser by 2,221.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock worth $39,674,000 after acquiring an additional 1,191,983 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Weyerhaeuser by 32.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock valued at $93,584,000 after acquiring an additional 804,650 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WY. Truist Financial upped their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Stock Performance

NYSE WY opened at $32.35 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a market cap of $23.50 billion, a PE ratio of 43.72 and a beta of 1.40. The stock’s 50 day simple moving average is $32.23 and its 200-day simple moving average is $30.81.

Weyerhaeuser (NYSE:WY) last announced 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 company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

About Weyerhaeuser

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.