Aberdeen Group plc Has $21.38 Million Stock Position in Weyerhaeuser Company $WY

Aberdeen Group plc lowered its stake in shares of Weyerhaeuser Company (NYSE:WY) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 902,284 shares of the real estate investment trust’s stock after selling 27,586 shares during the quarter. Aberdeen Group plc owned about 0.13% of Weyerhaeuser worth $21,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at about $39,000. Capital Advisors Inc. OK acquired a new position in Weyerhaeuser in the 4th quarter valued at approximately $233,000. Uncommon Cents Investing LLC lifted its position in shares of Weyerhaeuser by 1.6% in the 4th quarter. Uncommon Cents Investing LLC now owns 185,885 shares of the real estate investment trust’s stock worth $4,404,000 after acquiring an additional 2,870 shares during the period. Lodestone Wealth Management LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $44,000. Finally, Shrier Wealth Management LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $1,682,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WY. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Truist Financial increased 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. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. New Street Research set a $28.00 price objective on Weyerhaeuser in a report on Friday, December 12th. Finally, Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Stock Down 0.0%

NYSE:WY opened at $24.43 on Monday. The company has a market cap of $17.61 billion, a PE ratio of 55.51 and a beta of 0.98. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $29.14. The stock has a 50-day simple moving average of $25.00 and a 200 day simple moving average of $24.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Insider Activity

In other Weyerhaeuser news, Director Richard Beckwitt acquired 20,000 shares of Weyerhaeuser stock in a transaction that occurred 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 purchase, the director directly owned 24,066 shares in the company, valued at $618,496.20. This trade represents a 491.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction dated 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 purchase, the director owned 28,661 shares in the company, valued at approximately $726,556.35. The trade was a 16.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.27% of the company’s stock.

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.