Weyerhaeuser Company (WY) Shares Bought by Sterling Capital Management LLC
Sterling Capital Management LLC grew its stake in Weyerhaeuser Company (NYSE:WY) by 195.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,786 shares of the real estate investment trust’s stock after acquiring an additional 106,403 shares during the period. Sterling Capital Management LLC’s holdings in Weyerhaeuser were worth $5,472,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of WY. American Century Companies Inc. boosted its stake in shares of Weyerhaeuser by 8.6% during the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock valued at $540,155,000 after purchasing an additional 1,273,679 shares in the last quarter. Pegasus Partners Ltd. boosted its stake in shares of Weyerhaeuser by 153.0% during the second quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock valued at $5,098,000 after purchasing an additional 92,021 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Weyerhaeuser by 4.3% during the third quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock valued at $2,668,000 after purchasing an additional 3,231 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Weyerhaeuser by 7.1% during the second quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock valued at $13,670,000 after purchasing an additional 27,029 shares in the last quarter. Finally, Van Cleef Asset Management Inc boosted its stake in shares of Weyerhaeuser by 1.1% during the second quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock valued at $7,273,000 after purchasing an additional 2,358 shares in the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.
WY has been the topic of a number of recent research reports. BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. Royal Bank of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research report on Monday, September 4th. Finally, Stephens assumed coverage on shares of Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $37.20.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the transaction, the insider now owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 296,623 shares of company stock valued at $10,452,392. Corporate insiders own 1.20% of the company’s stock.
Weyerhaeuser Company (WY) traded up $0.19 during trading hours on Friday, reaching $35.84. 4,764,966 shares of the company were exchanged, compared to its average volume of 2,387,063. Weyerhaeuser Company has a 12 month low of $29.81 and a 12 month high of $36.92. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. The stock has a market capitalization of $26,909.67, a PE ratio of 36.38, a price-to-earnings-growth ratio of 6.07 and a beta of 1.45.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities analysts anticipate that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.32 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.57%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio (DPR) is currently 112.28%.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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