Weyerhaeuser Company $WY Stock Position Raised by Mirova

Mirova increased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,874 shares of the real estate investment trust’s stock after acquiring an additional 29,147 shares during the quarter. Mirova’s holdings in Weyerhaeuser were worth $3,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after purchasing an additional 542,912 shares during the period. Wellington Management Group LLP boosted its position in Weyerhaeuser by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock valued at $982,847,000 after purchasing an additional 2,343,724 shares during the period. State Street Corp boosted its position in Weyerhaeuser by 1.9% during the 3rd quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock valued at $804,897,000 after purchasing an additional 602,901 shares during the period. Norges Bank bought a new position in Weyerhaeuser during the 2nd quarter worth $600,502,000. Finally, Bank of New York Mellon Corp grew its stake in Weyerhaeuser by 10.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock worth $370,623,000 after buying an additional 1,400,050 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $23.44 on Thursday. The stock has a fifty day moving average price of $25.62 and a two-hundred day moving average price of $24.30. The firm has a market cap of $16.89 billion, a P/E ratio of 53.26 and a beta of 1.03. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $30.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. Weyerhaeuser’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

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

Insider Buying and Selling at Weyerhaeuser

In related news, Director Richard Beckwitt acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the transaction, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin O’rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The shares were bought at an average cost of $25.35 per share, with a total value of $101,400.00. Following the completion of the purchase, the director owned 28,661 shares in the company, valued at approximately $726,556.35. This represents a 16.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WY has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, February 2nd. Truist Financial upped their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Citigroup lifted their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.88.

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.