Van ECK Associates Corp Increases Stock Holdings in Weyerhaeuser (NYSE:WY)

Van ECK Associates Corp boosted its stake in shares of Weyerhaeuser (NYSE:WY) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,959 shares of the real estate investment trust’s stock after buying an additional 2,383 shares during the quarter. Van ECK Associates Corp’s holdings in Weyerhaeuser were worth $1,633,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Weyerhaeuser by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after buying an additional 58,688 shares during the last quarter. Wellington Management Group LLP increased its stake in 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 purchasing an additional 3,573,013 shares during the period. Northern Trust Corp lifted its position 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 purchasing an additional 532,923 shares during the last quarter. Invesco Ltd. boosted its stake 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 purchasing an additional 365,241 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Weyerhaeuser by 1.2% during the third 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 purchasing an additional 95,445 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WY shares. Royal Bank of Canada decreased their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.67.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $30.73 on Thursday. The business has a fifty day moving average of $33.61 and a 200 day moving average of $32.80. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 27.94 and a beta of 1.47.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser will post 1 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly 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 can be accessed through this hyperlink. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser 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 completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

About Weyerhaeuser

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.