Barclays PLC Buys 870,835 Shares of Weyerhaeuser Company $WY

Barclays PLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 62.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,260,880 shares of the real estate investment trust’s stock after buying an additional 870,835 shares during the period. Barclays PLC owned about 0.31% of Weyerhaeuser worth $56,047,000 at the end of the most recent quarter.

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

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director owned 25,978 shares in the company, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Calvin O’rourke purchased 4,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, with a total value of $101,400.00. Following the completion of the transaction, the director owned 28,661 shares in the company, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 28,500 shares of company stock worth $721,645 in the last ninety days. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WY. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a research report on Friday, December 12th. Citigroup upped their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.88.

Weyerhaeuser Price Performance

WY stock opened at $24.45 on Tuesday. 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 Company has a 1 year low of $21.16 and a 1 year high of $31.12. The firm has a 50-day moving average of $25.65 and a 200 day moving average of $24.42. The company has a market cap of $17.62 billion, a P/E ratio of 55.57 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, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business’s revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. On average, sell-side analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio is 190.91%.

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.