QRG Capital Management Inc. Sells 39,748 Shares of Weyerhaeuser Company $WY

QRG Capital Management Inc. decreased its position in Weyerhaeuser Company (NYSE:WY) by 37.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,564 shares of the real estate investment trust’s stock after selling 39,748 shares during the period. QRG Capital Management Inc.’s holdings in Weyerhaeuser were worth $1,625,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 409 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Weyerhaeuser by 1.5% during the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock worth $756,000 after purchasing an additional 445 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in Weyerhaeuser by 11.1% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 500 shares in the last quarter. Cromwell Holdings LLC lifted its stake in Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares during the period. Finally, Cidel Asset Management Inc. lifted its stake in Weyerhaeuser by 6.8% in the second quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 520 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis bought 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares of the company’s stock, valued at $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This trade represents a 8.09% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Truist Financial raised their price target on shares of Weyerhaeuser from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, January 6th. New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research note on Friday, December 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Weyerhaeuser in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reduced their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.50.

Weyerhaeuser Stock Performance

WY opened at $27.11 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $23.32 and its two-hundred day moving average price is $24.39. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 60.25, a PEG ratio of 107.32 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. On average, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s payout ratio is currently 186.67%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.