Weyerhaeuser Company $WY Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its holdings in Weyerhaeuser Company (NYSE:WY) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 280,608 shares of the real estate investment trust’s stock after selling 32,396 shares during the period. Marathon Asset Management Ltd’s holdings in Weyerhaeuser were worth $6,648,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WY. Goldman Sachs Group Inc. raised its holdings in Weyerhaeuser by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock valued at $65,878,000 after buying an additional 346,571 shares during the period. Empowered Funds LLC increased its stake in shares of Weyerhaeuser by 3.4% in the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 1,498 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after buying an additional 3,124 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Weyerhaeuser in the second quarter worth $275,000. Finally, Bank of Nova Scotia increased its stake in shares of Weyerhaeuser by 10.2% in the second quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after buying an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WY shares. Citigroup dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.88.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Beckwitt acquired 20,000 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $25.70 per share, with a total value of $514,000.00. Following the acquisition, the director directly owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.31% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $22.89 on Wednesday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.86. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. 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 fifty day moving average of $24.02 and a 200-day moving average of $24.17.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company 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 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

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

About Weyerhaeuser

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.