Quantinno Capital Management LP Buys 34,094 Shares of Weyerhaeuser Company $WY

Quantinno Capital Management LP raised its stake in Weyerhaeuser Company (NYSE:WY) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 282,963 shares of the real estate investment trust’s stock after buying an additional 34,094 shares during the period. Quantinno Capital Management LP’s holdings in Weyerhaeuser were worth $6,913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser by 166.1% in the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after acquiring an additional 23,485,504 shares during the period. Norges Bank acquired a new stake in Weyerhaeuser during the 4th quarter valued at approximately $549,531,000. Manning & Napier Advisors LLC acquired a new stake in Weyerhaeuser during the 1st quarter valued at approximately $101,969,000. Freestone Grove Partners LP raised its holdings in Weyerhaeuser by 124.5% during the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock worth $166,030,000 after purchasing an additional 3,713,932 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Weyerhaeuser by 16.9% in the 1st quarter. Bank of New York Mellon Corp now owns 17,717,871 shares of the real estate investment trust’s stock worth $432,848,000 after purchasing an additional 2,555,687 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.0%

Weyerhaeuser stock opened at $25.84 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The firm’s fifty day moving average is $24.26 and its 200 day moving average is $24.60. The company has a market capitalization of $18.62 billion, a PE ratio of 39.75, a PEG ratio of 1.40 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the company posted $0.12 earnings per share. The business’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.31 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a $0.21 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 129.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WY shares. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a report on Thursday, April 23rd. Truist Financial reissued a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research report on Monday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $30.00 price objective on shares of Weyerhaeuser in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

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.