Weyerhaeuser (NYSE:WY) Shares Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV boosted its position in shares of Weyerhaeuser (NYSE:WY) by 18.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 93,325 shares of the real estate investment trust’s stock after buying an additional 14,767 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Weyerhaeuser were worth $2,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after buying an additional 804,650 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Weyerhaeuser by 12.0% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,046 shares of the real estate investment trust’s stock worth $2,159,000 after acquiring an additional 8,131 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Weyerhaeuser by 1.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 138,168 shares of the real estate investment trust’s stock worth $3,923,000 after purchasing an additional 2,437 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Weyerhaeuser by 14.0% during the second quarter. Ameritas Advisory Services LLC now owns 10,173 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at $26,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on WY. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report 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. Royal Bank of Canada increased their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.83.

Weyerhaeuser Stock Up 0.7 %

WY traded up $0.20 during midday trading on Friday, hitting $30.49. 5,230,762 shares of the company’s stock traded hands, compared to its average volume of 3,565,426. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The company has a market cap of $22.18 billion, a PE ratio of 27.72 and a beta of 1.39. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The stock’s fifty day simple moving average is $29.81 and its 200-day simple moving average is $31.45.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS. As a group, equities analysts anticipate that Weyerhaeuser will post 0.59 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 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.