Teacher Retirement System of Texas Purchases 4,013 Shares of Weyerhaeuser Company $WY

Teacher Retirement System of Texas raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 3.8% in the second quarter, Holdings Channel reports. The firm owned 110,243 shares of the real estate investment trust’s stock after acquiring an additional 4,013 shares during the quarter. Teacher Retirement System of Texas’ holdings in Weyerhaeuser were worth $2,832,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WY. DAVENPORT & Co LLC boosted its holdings in shares of Weyerhaeuser by 8.0% during the 1st quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 1,480 shares during the last quarter. Calamos Advisors LLC boosted its holdings in shares of Weyerhaeuser by 1.1% in the first quarter. Calamos Advisors LLC now owns 225,885 shares of the real estate investment trust’s stock worth $6,614,000 after buying an additional 2,516 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Weyerhaeuser by 11.6% during the first quarter. IFM Investors Pty Ltd now owns 167,910 shares of the real estate investment trust’s stock valued at $4,916,000 after buying an additional 17,387 shares during the last quarter. World Investment Advisors bought a new position in Weyerhaeuser in the first quarter worth approximately $1,254,000. Finally, Bank of New York Mellon Corp raised its position in Weyerhaeuser by 63.9% in the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock worth $212,733,000 after acquiring an additional 2,833,288 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $22.97 on Monday. Weyerhaeuser Company has a one year low of $22.57 and a one year high of $32.70. The company’s fifty day moving average price is $24.63 and its 200-day moving average price is $25.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The company has a market capitalization of $16.57 billion, a PE ratio of 60.45, a price-to-earnings-growth ratio of 244.04 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s payout ratio is 186.67%.

Wall Street Analyst Weigh In

WY has been the topic of several recent research reports. Truist Financial decreased their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. DA Davidson reiterated a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, CIBC lowered their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Weyerhaeuser Company Profile

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.