Weyerhaeuser (NYSE:WY) Holdings Lifted by Xponance Inc.

Xponance Inc. raised its position in Weyerhaeuser (NYSE:WY) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,206 shares of the real estate investment trust’s stock after purchasing an additional 1,105 shares during the quarter. Xponance Inc.’s holdings in Weyerhaeuser were worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in Weyerhaeuser in the fourth quarter worth about $485,095,000. Wellington Management Group LLP boosted 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 valued at $591,717,000 after acquiring an additional 3,573,013 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Weyerhaeuser by 376.3% during the third 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 acquiring an additional 1,634,125 shares during the period. BlackRock Inc. raised its holdings in Weyerhaeuser by 2.5% during the first quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock worth $1,819,535,000 after purchasing an additional 1,484,895 shares in the last quarter. Finally, FMR LLC lifted its position in Weyerhaeuser by 64.5% in the third quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after purchasing an additional 1,242,972 shares during the period. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction on 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 directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, 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 worth $1,455,609 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Weyerhaeuser Price Performance

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 quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The company has a market cap of $22.96 billion, a P/E ratio of 27.37 and a beta of 1.43. The company’s fifty day moving average is $34.11 and its two-hundred day moving average is $32.70.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. Equities analysts expect that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. 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 reaffirmed an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.