Nwam LLC Purchases Shares of 6,838 Weyerhaeuser (NYSE:WY)

Nwam LLC acquired a new position in Weyerhaeuser (NYSE:WY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,838 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WY. M&G Plc increased its holdings in Weyerhaeuser by 16.2% in the second quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock worth $54,935,000 after purchasing an additional 273,291 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock valued at $2,875,000 after acquiring an additional 14,911 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Weyerhaeuser by 5.2% during the 2nd quarter. QRG Capital Management Inc. now owns 397,319 shares of the real estate investment trust’s stock valued at $11,280,000 after acquiring an additional 19,464 shares during the period. Quest Partners LLC boosted its stake in Weyerhaeuser by 146.4% during the third quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock worth $3,272,000 after acquiring an additional 57,412 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Weyerhaeuser by 4.2% in the second quarter. Bank of Montreal Can now owns 750,575 shares of the real estate investment trust’s stock worth $21,309,000 after purchasing an additional 29,927 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WY. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. DA Davidson decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Truist Financial upped their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Trading Up 3.2 %

NYSE WY opened at $32.23 on Tuesday. 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 business has a fifty day simple moving average of $32.27 and a 200 day simple moving average of $30.79. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market capitalization of $23.42 billion, a P/E ratio of 43.55 and a beta of 1.40.

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

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.48%. Weyerhaeuser’s payout ratio is presently 108.11%.

Insider Activity

In related news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.