Lansing Street Advisors Makes New Investment in Weyerhaeuser (NYSE:WY)

Lansing Street Advisors bought a new stake in shares of Weyerhaeuser (NYSE:WYFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,601 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. Larson Financial Group LLC grew its position in shares of Weyerhaeuser by 0.8% during the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 348 shares during the period. Wedmont Private Capital increased its stake in Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter. Institute for Wealth Management LLC. raised its holdings in shares of Weyerhaeuser by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 366 shares during the period. CWM LLC boosted its position in shares of Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its stake in shares of Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 402 shares during the period. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research reports. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Royal Bank of Canada upped their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. DA Davidson decreased their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Citigroup dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.33.

Get Our Latest Stock Report on Weyerhaeuser

Insider Buying and Selling at Weyerhaeuser

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

Weyerhaeuser Stock Up 0.1 %

Shares of NYSE:WY opened at $31.18 on Monday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a market capitalization of $22.65 billion, a PE ratio of 42.14 and a beta of 1.40. The business has a fifty day moving average price of $32.14 and a two-hundred day moving average price of $30.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

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

Weyerhaeuser Dividend Announcement

The company 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. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.57%. Weyerhaeuser’s payout ratio is 108.11%.

Weyerhaeuser 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.

Read More

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WYFree Report).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.