Congress Park Capital LLC Makes New Investment in Weyerhaeuser Company $WY

Congress Park Capital LLC acquired a new position in shares of Weyerhaeuser Company (NYSE:WY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,250 shares of the real estate investment trust’s stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WY. Wellington Management Group LLP raised its holdings in Weyerhaeuser by 6.3% during the third quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after acquiring an additional 2,343,724 shares in the last quarter. State Street Corp grew its stake in Weyerhaeuser by 1.9% in the third quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock valued at $804,897,000 after purchasing an additional 602,901 shares in the last quarter. Norges Bank acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth approximately $600,502,000. Bank of New York Mellon Corp increased its position in shares of Weyerhaeuser by 10.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock worth $370,623,000 after purchasing an additional 1,400,050 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Weyerhaeuser by 4.7% during the 3rd quarter. Legal & General Group Plc now owns 11,382,659 shares of the real estate investment trust’s stock worth $282,176,000 after purchasing an additional 511,657 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of several analyst reports. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research note on Friday, December 12th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, February 2nd. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, Citigroup boosted their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Stock Up 0.1%

WY stock opened at $23.88 on Monday. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $29.62. The business’s 50 day simple moving average is $25.25 and its 200 day simple moving average is $24.19. 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 firm has a market capitalization of $17.21 billion, a PE ratio of 54.27 and a beta of 1.03.

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

Weyerhaeuser Announces Dividend

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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.

Insider Activity

In related news, Director James Calvin O’rourke acquired 4,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Beckwitt acquired 20,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares of the company’s stock, valued at approximately $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. Insiders own 0.27% of the company’s stock.

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.