Schroder Investment Management Group Cuts Stake in Weyerhaeuser Company $WY

Schroder Investment Management Group lowered its stake in shares of Weyerhaeuser Company (NYSE:WY) by 7.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,461,867 shares of the real estate investment trust’s stock after selling 120,508 shares during the quarter. Schroder Investment Management Group’s holdings in Weyerhaeuser were worth $36,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tradewinds Capital Management LLC grew its stake in Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 959 shares in the last quarter. Cromwell Holdings LLC lifted its stake in Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 501 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Weyerhaeuser during the 2nd quarter valued at about $41,000. Optiver Holding B.V. bought a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $42,000. Finally, Hantz Financial Services Inc. grew its position in shares of Weyerhaeuser by 69.7% during the third quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity

In other Weyerhaeuser news, Director James Calvin O’rourke bought 4,000 shares of the company’s stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This represents a 16.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Beckwitt bought 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 28,500 shares of company stock valued at $721,645. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 3.9%

Shares of NYSE WY opened at $23.23 on Thursday. The firm’s 50-day moving average price is $25.64 and its 200-day moving average price is $24.39. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 52.79 and a beta of 1.03. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $30.28.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. Weyerhaeuser’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WY shares. Citigroup lifted their target price on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 13th. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Monday, February 2nd. Truist Financial lifted their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.