Cambria Investment Management L.P. Makes New Investment in Weyerhaeuser Company $WY

Cambria Investment Management L.P. purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 51,009 shares of the real estate investment trust’s stock, valued at approximately $1,265,000.

Other hedge funds have also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its position in Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the last quarter. Operose Advisors LLC acquired a new position in Weyerhaeuser in the 2nd quarter valued at about $41,000. Optiver Holding B.V. purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Weyerhaeuser by 69.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 784 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $22.97 on Friday. The company’s 50 day simple moving average is $25.60 and its 200-day simple moving average is $24.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $30.19. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 52.19 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.

Wall Street Analysts Forecast Growth

WY has been the topic of several analyst reports. UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. New Street Research set a $28.00 price objective on Weyerhaeuser in a research report on Friday, December 12th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, February 2nd. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.88.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Richard Beckwitt acquired 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director owned 24,066 shares of the company’s stock, valued at $618,496.20. This represents a 491.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Calvin O’rourke acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the acquisition, the director directly owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

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.