Edgestream Partners L.P. Invests $1.22 Million in Weyerhaeuser (NYSE:WY)

Edgestream Partners L.P. bought a new position in Weyerhaeuser (NYSE:WY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,897 shares of the real estate investment trust’s stock, valued at approximately $1,218,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after buying an additional 2,874,101 shares during the period. Wellington Management Group LLP boosted its position in Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after purchasing an additional 10,271,891 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Weyerhaeuser by 3.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock valued at $187,351,000 after purchasing an additional 193,087 shares during the last quarter. Principal Financial Group Inc. boosted its position in Weyerhaeuser by 32.3% during the second 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 purchasing an additional 804,650 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Weyerhaeuser by 31.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock valued at $90,247,000 after purchasing an additional 769,149 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY opened at $33.24 on Friday. The company has a market cap of $24.23 billion, a PE ratio of 30.22 and a beta of 1.40. The stock has a 50-day moving average of $30.91 and a 200-day moving average of $31.22. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm posted $0.32 EPS. Weyerhaeuser’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Analyst Ratings Changes

A number of analysts recently issued reports on WY shares. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Truist Financial reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. DA Davidson reduced 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. Royal Bank of Canada raised 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. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.83.

Insider Buying and Selling

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

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.