Daiwa Securities Group Inc. Purchases 3,711 Shares of Weyerhaeuser (NYSE:WY)

Daiwa Securities Group Inc. lifted its holdings in shares of Weyerhaeuser (NYSE:WY) by 6.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 65,685 shares of the real estate investment trust’s stock after acquiring an additional 3,711 shares during the period. Daiwa Securities Group Inc.’s holdings in Weyerhaeuser were worth $2,284,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Weyerhaeuser by 15.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock worth $202,000 after acquiring an additional 875 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after acquiring an additional 8,031 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Weyerhaeuser by 18.3% during the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock worth $13,057,000 after acquiring an additional 65,808 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Weyerhaeuser in the fourth quarter valued at approximately $36,237,000. Finally, Public Employees Retirement System of Ohio boosted its position in Weyerhaeuser by 21.3% in the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock valued at $16,899,000 after buying an additional 96,900 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, 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 transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, 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 transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock valued at $1,455,609 in the last three months. 0.30% of the stock is currently owned by company insiders.

Weyerhaeuser Trading Up 0.4 %

Shares of NYSE:WY opened at $31.47 on Monday. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27. The company has a market capitalization of $22.96 billion, a PE ratio of 27.37 and a beta of 1.43. The business has a 50 day moving average of $34.11 and a two-hundred day moving average of $32.70. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.20 per share. 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. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 69.57%.

Wall Street Analysts Forecast Growth

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

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.