3,262 Shares in Weyerhaeuser (NYSE:WY) Purchased by Hills Bank & Trust Co

Hills Bank & Trust Co acquired a new stake in Weyerhaeuser (NYSE:WYFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,262 shares of the real estate investment trust’s stock, valued at approximately $110,000.

A number of other hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in Weyerhaeuser by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock valued at $2,199,000 after acquiring an additional 3,772 shares during the period. Norden Group LLC acquired a new position in shares of Weyerhaeuser in the first quarter valued at $832,000. First Trust Direct Indexing L.P. raised its position in shares of Weyerhaeuser by 28.4% in the first quarter. First Trust Direct Indexing L.P. now owns 16,177 shares of the real estate investment trust’s stock valued at $581,000 after purchasing an additional 3,574 shares during the period. Van ECK Associates Corp lifted its stake in shares of Weyerhaeuser by 19.8% during the 1st quarter. Van ECK Associates Corp now owns 56,266 shares of the real estate investment trust’s stock worth $2,020,000 after buying an additional 9,307 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Weyerhaeuser during the 1st quarter worth about $313,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WY has been the topic of several research analyst reports. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Citigroup decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $36.33.

Check Out Our Latest Research Report on WY

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $31.18 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $22.65 billion, a PE ratio of 42.14 and a beta of 1.40. The firm has a 50 day moving average of $32.14 and a 200-day moving average of $30.79. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WYGet Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. On average, equities research analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 108.11%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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