Tocqueville Asset Management L.P. Purchases 54,871 Shares of Weyerhaeuser Company $WY

Tocqueville Asset Management L.P. increased its position in Weyerhaeuser Company (NYSE:WY) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,563,118 shares of the real estate investment trust’s stock after buying an additional 54,871 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Weyerhaeuser were worth $38,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Weyerhaeuser by 86.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,300,937 shares of the real estate investment trust’s stock valued at $106,620,000 after acquiring an additional 1,990,806 shares during the period. Invesco Ltd. boosted its holdings in shares of Weyerhaeuser by 14.2% during the third quarter. Invesco Ltd. now owns 11,007,440 shares of the real estate investment trust’s stock worth $272,874,000 after purchasing an additional 1,367,616 shares during the period. Employees Retirement System of Texas grew its stake in shares of Weyerhaeuser by 36.0% in the third quarter. Employees Retirement System of Texas now owns 6,259 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 1,658 shares during the last quarter. KLCM Advisors Inc. bought a new stake in shares of Weyerhaeuser in the third quarter worth about $2,053,000. Finally, BOKF NA increased its holdings in Weyerhaeuser by 4.6% during the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WY. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Bank of America restated a “neutral” rating and set a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. New Street Research set a $28.00 price target on Weyerhaeuser in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Stock Up 1.2%

WY traded up $0.27 during midday trading on Friday, reaching $23.30. The company’s stock had a trading volume of 1,246,916 shares, compared to its average volume of 7,201,641. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $30.28. The stock’s 50-day moving average is $25.63 and its 200-day moving average is $24.38. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 52.97 and a beta of 1.03. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s payout ratio is presently 190.91%.

Insider Buying and Selling

In related news, Director James Calvin O’rourke bought 4,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director owned 28,661 shares of the company’s stock, valued at $726,556.35. The trade was a 16.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sara Grootwassink Lewis bought 4,500 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the purchase, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. The trade was a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 28,500 shares of company stock worth $721,645 over the last three months. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.