11,319 Shares in Weyerhaeuser Company $WY Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new position in Weyerhaeuser Company (NYSE:WY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,319 shares of the real estate investment trust’s stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WY. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser in the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in Weyerhaeuser in the 1st quarter valued at approximately $31,000. Costello Asset Management INC bought a new position in Weyerhaeuser in the 1st quarter valued at approximately $32,000. Marshall Investment Management LLC bought a new position in Weyerhaeuser in the 1st quarter valued at approximately $36,000. Finally, Zions Bancorporation National Association UT bought a new position in Weyerhaeuser in the 1st quarter valued at approximately $40,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Down 0.3%

Shares of WY stock opened at $24.79 on Wednesday. Weyerhaeuser Company has a 52-week low of $23.98 and a 52-week high of $33.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a market capitalization of $17.89 billion, a PE ratio of 65.24, a PEG ratio of 107.40 and a beta of 1.07. The stock has a fifty day simple moving average of $25.46 and a two-hundred day simple moving average of $26.14.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. On average, analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

WY has been the topic of several analyst reports. CIBC lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Citigroup lowered their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Truist Financial lowered their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.88.

Weyerhaeuser Company 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.