Skba Capital Management LLC Has $9.91 Million Stake in Weyerhaeuser Company $WY

Skba Capital Management LLC lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 399,665 shares of the real estate investment trust’s stock after buying an additional 43,350 shares during the period. Skba Capital Management LLC owned about 0.06% of Weyerhaeuser worth $9,908,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in Weyerhaeuser during the 2nd quarter valued at about $600,502,000. Bank of New York Mellon Corp grew its position in Weyerhaeuser by 86.5% during the second quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock valued at $348,111,000 after purchasing an additional 6,284,982 shares in the last quarter. Engineers Gate Manager LP increased its stake in Weyerhaeuser by 1,493.1% in the 2nd quarter. Engineers Gate Manager LP now owns 1,541,909 shares of the real estate investment trust’s stock valued at $39,612,000 after buying an additional 1,445,123 shares during the period. JPMorgan Chase & Co. lifted its position in Weyerhaeuser by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock worth $341,833,000 after buying an additional 1,374,109 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Weyerhaeuser by 40.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,904,893 shares of the real estate investment trust’s stock valued at $72,012,000 after buying an additional 838,229 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $24.78 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $25.58 and a 200 day moving average price of $24.46. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 56.32 and a beta of 1.03. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $31.66.

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

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s payout ratio is currently 190.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WY shares. New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research note on Friday, December 12th. JPMorgan Chase & Co. cut their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Citigroup raised 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. Finally, Bank of America reissued a “neutral” rating and issued a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. 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 company’s stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $28.88.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average price of $23.61 per share, with a total value of $106,245.00. Following the acquisition, the director owned 25,978 shares of the company’s stock, valued at $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Beckwitt bought 20,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director owned 24,066 shares of the company’s stock, valued at $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 28,500 shares of company stock worth $721,645. Insiders own 0.27% of the company’s stock.

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.