QRG Capital Management Inc. Buys 19,464 Shares of Weyerhaeuser (NYSE:WY)

QRG Capital Management Inc. increased its stake in Weyerhaeuser (NYSE:WY) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 397,319 shares of the real estate investment trust’s stock after purchasing an additional 19,464 shares during the quarter. QRG Capital Management Inc. owned approximately 0.05% of Weyerhaeuser worth $11,280,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Weyerhaeuser by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after buying an additional 2,874,101 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Weyerhaeuser by 53.2% during the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after purchasing an additional 10,271,891 shares in the last quarter. Norges Bank bought a new position in shares of Weyerhaeuser in the fourth quarter worth $753,497,000. Charles Schwab Investment Management Inc. raised its position in shares of Weyerhaeuser by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock worth $278,550,000 after buying an additional 198,789 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Weyerhaeuser by 8.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,406,086 shares of the real estate investment trust’s stock valued at $230,043,000 after buying an additional 504,714 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

WY has been the topic of several recent analyst reports. Royal Bank of Canada raised their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup lowered their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. DA Davidson dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Truist Financial reduced their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.83.

Weyerhaeuser Trading Down 1.4 %

NYSE:WY traded down $0.42 during trading hours on Friday, reaching $30.68. The company’s stock had a trading volume of 3,567,532 shares, compared to its average volume of 3,566,313. The firm has a 50-day simple moving average of $29.48 and a 200-day simple moving average of $31.69. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 27.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.32 earnings per share. Weyerhaeuser’s revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts expect that Weyerhaeuser will post 0.67 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. Weyerhaeuser’s payout ratio is presently 72.73%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.