Weyerhaeuser Company $WY Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its stake in Weyerhaeuser Company (NYSE:WY) by 29.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,892 shares of the real estate investment trust’s stock after purchasing an additional 33,664 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Weyerhaeuser were worth $3,641,000 at the end of the most recent quarter.

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

Insider Transactions at Weyerhaeuser

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

Weyerhaeuser Stock Down 2.1%

WY stock opened at $22.49 on Monday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $30.06. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $16.21 billion, a P/E ratio of 51.11 and a beta of 1.03. The firm has a 50 day simple moving average of $25.53 and a 200-day simple moving average of $24.26.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. On average, equities research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is 190.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, February 2nd. Truist Financial boosted their price objective on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.88.

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.