Intact Investment Management Inc. Buys New Holdings in Weyerhaeuser Company $WY

Intact Investment Management Inc. purchased a new position in Weyerhaeuser Company (NYSE:WY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 137,400 shares of the real estate investment trust’s stock, valued at approximately $3,406,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in shares of Weyerhaeuser by 2.0% during 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 last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Weyerhaeuser by 2.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,463,028 shares of the real estate investment trust’s stock worth $261,053,000 after buying an additional 285,375 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Weyerhaeuser by 64.2% during the third quarter. Exchange Traded Concepts LLC now owns 127,327 shares of the real estate investment trust’s stock valued at $3,156,000 after buying an additional 49,787 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Weyerhaeuser by 21.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 718,156 shares of the real estate investment trust’s stock valued at $17,803,000 after buying an additional 128,675 shares in the last quarter. Finally, Pacific Heights Asset Management LLC increased its stake in Weyerhaeuser by 75.0% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock worth $8,676,000 after acquiring an additional 150,000 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sara Grootwassink Lewis acquired 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the purchase, the director owned 25,978 shares of the company’s stock, valued at $613,340.58. This represents a 20.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 0.3%

Shares of NYSE WY opened at $26.59 on Tuesday. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $31.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 59.08, a PEG ratio of 99.05 and a beta of 1.04. The business’s 50 day moving average price is $23.77 and its 200-day moving average price is $24.41.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Analyst Ratings Changes

A number of research firms have recently commented on WY. Royal Bank Of Canada lowered their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. DA Davidson lowered their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Truist Financial lifted their price objective on shares of Weyerhaeuser from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Finally, CIBC reiterated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.50.

Weyerhaeuser 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.