Lansforsakringar Fondforvaltning AB publ Has $43.55 Million Stock Holdings in Weyerhaeuser Company $WY

Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 44.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,756,720 shares of the real estate investment trust’s stock after purchasing an additional 538,003 shares during the period. Lansforsakringar Fondforvaltning AB publ owned 0.24% of Weyerhaeuser worth $43,549,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Weyerhaeuser by 4.2% in the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 409 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Weyerhaeuser by 23.6% in the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 488 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Weyerhaeuser by 6.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 500 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in shares of Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 521 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This represents a 8.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Beckwitt bought 20,000 shares of the business’s stock in a transaction on 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 directly owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 28,500 shares of company stock worth $721,645 in the last ninety days. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $25.29 on Friday. The firm’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $24.52. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 57.47 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 Company has a 1 year low of $21.16 and a 1 year high of $31.66.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) 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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $0.11 earnings per share. The company’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 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced 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. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s payout ratio is currently 190.91%.

Analysts Set New Price Targets

Several research firms recently issued reports on WY. Truist Financial boosted their price target on Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, February 2nd. Bank of America reaffirmed a “neutral” rating and set a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target 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.