Caisse Des Depots ET Consignations Sells 26,550 Shares of Weyerhaeuser Company $WY

Caisse Des Depots ET Consignations trimmed its position in Weyerhaeuser Company (NYSE:WY) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,421 shares of the real estate investment trust’s stock after selling 26,550 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Weyerhaeuser were worth $3,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after acquiring an additional 405,575 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Weyerhaeuser by 2.0% in the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock valued at $57,278,000 after purchasing an additional 46,207 shares during the period. Principal Financial Group Inc. boosted its position in shares of Weyerhaeuser by 2.7% during the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after purchasing an additional 97,769 shares in the last quarter. Federated Hermes Inc. grew its stake in Weyerhaeuser by 40.6% in the third quarter. Federated Hermes Inc. now owns 2,904,893 shares of the real estate investment trust’s stock worth $72,012,000 after purchasing an additional 838,229 shares during the period. Finally, Intact Investment Management Inc. bought a new position in Weyerhaeuser in the third quarter worth $3,406,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis purchased 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the purchase, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser 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 completion of the sale, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. The trade was a 8.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on WY shares. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Royal Bank Of Canada decreased their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Bank of America restated a “neutral” rating and issued a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $28.63.

Weyerhaeuser Trading Up 0.7%

Weyerhaeuser stock opened at $27.12 on Thursday. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66. The business’s fifty day moving average is $24.87 and its 200 day moving average is $24.48. The stock has a market capitalization of $19.55 billion, a PE ratio of 61.64 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.Weyerhaeuser’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

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.