Weyerhaeuser Company $WY Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its position in shares of Weyerhaeuser Company (NYSE:WY) by 117.4% in the 4th quarter, HoldingsChannel reports. The firm owned 442,663 shares of the real estate investment trust’s stock after purchasing an additional 239,020 shares during the period. DNB Asset Management AS’s holdings in Weyerhaeuser were worth $10,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WY. FNY Investment Advisers LLC acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $39,000. Optiver Holding B.V. purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $42,000. Costello Asset Management INC lifted its holdings in shares of Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC boosted its stake in shares of Weyerhaeuser by 38.0% in the fourth quarter. Cromwell Holdings LLC now owns 1,878 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 517 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.0%

Weyerhaeuser stock opened at $22.68 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.86. The stock’s fifty day moving average is $24.09 and its two-hundred day moving average is $24.18.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Analysts predict that Weyerhaeuser Company will post 0.3 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WY. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Truist Financial decreased their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a report on Thursday, April 23rd. Finally, Citigroup decreased their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.88.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the transaction, the director directly 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. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Calvin O’rourke acquired 4,000 shares of the company’s stock in a transaction dated 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 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. Insiders own 0.31% of the company’s stock.

Weyerhaeuser Company 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.