Weyerhaeuser Company $WY Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 31.7% during the 3rd quarter, Holdings Channel reports. The fund owned 82,511 shares of the real estate investment trust’s stock after buying an additional 19,850 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Weyerhaeuser were worth $2,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. increased 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 purchasing an additional 521 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 959 shares during the period. Cromwell Holdings LLC increased 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 last quarter. Private Wealth Asset Management LLC raised its position in shares of Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 807 shares during the period. Finally, Operose Advisors LLC acquired a new position in Weyerhaeuser in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

WY opened at $25.45 on Wednesday. The stock’s 50-day moving average price is $22.99 and its 200 day moving average price is $24.37. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 102.13 and a beta of 1.04. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, sell-side analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. Weyerhaeuser’s dividend payout ratio is 186.67%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial raised their target price on Weyerhaeuser from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Royal Bank Of Canada decreased their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, Bank of America reiterated 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.00.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,500 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the purchase, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. The trade was a 20.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. This represents a 8.09% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.27% 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.