Weyerhaeuser Company $WY Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 257.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 455,608 shares of the real estate investment trust’s stock after acquiring an additional 328,281 shares during the period. Exchange Traded Concepts LLC owned about 0.06% of Weyerhaeuser worth $10,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tradewinds Capital Management LLC lifted 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 worth $30,000 after acquiring an additional 959 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in Weyerhaeuser by 58.3% in the third 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 stake in Weyerhaeuser during the 2nd quarter valued at approximately $41,000. Optiver Holding B.V. acquired a new stake in Weyerhaeuser during the 3rd quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. increased its holdings in Weyerhaeuser by 69.7% during 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 last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 0.1%

Shares of NYSE WY opened at $23.88 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $25.25 and its two-hundred day moving average price is $24.19. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $29.62. The stock has a market capitalization of $17.21 billion, a P/E ratio of 54.27 and a beta of 1.03.

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

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s payout ratio is currently 190.91%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt bought 20,000 shares of the stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin O’rourke bought 4,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their position. The SEC filing for this purchase provides additional information. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WY shares. New Street Research set a $28.00 target price on Weyerhaeuser in a research report on Friday, December 12th. Truist Financial raised their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, February 2nd. UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Finally, Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.88.

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.