44,100 Shares in Weyerhaeuser (NYSE:WY) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Weyerhaeuser (NYSE:WY) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 44,100 shares of the real estate investment trust’s stock, valued at approximately $1,533,000.

Several other large investors have also recently bought and sold shares of WY. Norges Bank bought a new position in Weyerhaeuser in the 4th quarter valued at $485,095,000. Wellington Management Group LLP raised its position in shares of Weyerhaeuser by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after buying an additional 3,573,013 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Weyerhaeuser by 376.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock valued at $63,418,000 after buying an additional 1,634,125 shares in the last quarter. BlackRock Inc. raised its position in shares of Weyerhaeuser by 2.5% during the 1st quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock valued at $1,819,535,000 after buying an additional 1,484,895 shares in the last quarter. Finally, FMR LLC raised its position in shares of Weyerhaeuser by 64.5% during the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock valued at $97,166,000 after buying an additional 1,242,972 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $31.47 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The firm has a fifty day moving average price of $34.11 and a 200 day moving average price of $32.68. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 27.37 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Weyerhaeuser’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock valued at $1,455,609 in the last 90 days. Company insiders own 0.27% of the company’s stock.

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.