Nordea Investment Management AB Acquires 47,709 Shares of Weyerhaeuser Company $WY

Nordea Investment Management AB increased its holdings in Weyerhaeuser Company (NYSE:WY) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 2,370,437 shares of the real estate investment trust’s stock after acquiring an additional 47,709 shares during the quarter. Nordea Investment Management AB’s holdings in Weyerhaeuser were worth $56,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its holdings in shares of Weyerhaeuser by 27.5% in the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock worth $46,636,000 after buying an additional 405,575 shares in the last quarter. Citigroup Inc. grew its stake in Weyerhaeuser by 68.5% during the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock valued at $40,836,000 after acquiring an additional 669,451 shares in the last quarter. Principal Financial Group Inc. grew its stake in Weyerhaeuser by 2.7% during the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after acquiring an additional 97,769 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Weyerhaeuser in the 3rd quarter valued at $1,154,000. Finally, Cambria Investment Management L.P. bought a new stake in Weyerhaeuser in the 3rd quarter valued at $1,265,000. 82.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on WY. New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a report on Friday, December 12th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Monday, February 2nd. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, UBS Group restated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and an average target price of $28.88.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 4,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was purchased at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the acquisition, the director owned 28,661 shares in the company, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Beckwitt bought 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $25.70 per share, with a total value of $514,000.00. Following the acquisition, the director owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $23.18 on Tuesday. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $30.06. The firm has a market capitalization of $16.70 billion, a P/E ratio of 52.67 and a beta of 1.03. The company has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $24.24. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s payout ratio is presently 190.91%.

Weyerhaeuser 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.