Weyerhaeuser (NYSE:WY) Shares Purchased by Stevens Capital Management LP

Stevens Capital Management LP raised its holdings in Weyerhaeuser (NYSE:WY) by 46.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,442 shares of the real estate investment trust’s stock after buying an additional 11,289 shares during the quarter. Stevens Capital Management LP’s holdings in Weyerhaeuser were worth $1,232,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Weyerhaeuser by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after purchasing an additional 58,688 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Weyerhaeuser by 22.7% in the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after buying an additional 3,573,013 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Weyerhaeuser by 4.7% during the third quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock worth $363,129,000 after buying an additional 532,923 shares during the period. Invesco Ltd. grew its holdings in shares of Weyerhaeuser by 3.5% during the third quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock valued at $333,403,000 after buying an additional 365,241 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Weyerhaeuser by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock valued at $239,529,000 after acquiring an additional 95,445 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE WY traded down $0.41 on Friday, hitting $31.05. The company had a trading volume of 3,616,653 shares, compared to its average volume of 3,417,750. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The company’s fifty day moving average price is $33.98 and its 200-day moving average price is $32.71. The company has a market capitalization of $22.65 billion, a PE ratio of 27.00 and a beta of 1.43. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts predict that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s payout ratio is presently 69.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WY. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Truist Financial reaffirmed a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.00.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,699 shares of company stock valued at $1,455,609. 0.27% of the stock is owned by insiders.

Weyerhaeuser 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.