Weyerhaeuser Company $WY Shares Purchased by Markel Group Inc.

Markel Group Inc. lifted its position in Weyerhaeuser Company (NYSE:WY) by 585.7% in the second quarter, HoldingsChannel reports. The firm owned 120,000 shares of the real estate investment trust’s stock after buying an additional 102,500 shares during the period. Markel Group Inc.’s holdings in Weyerhaeuser were worth $2,873,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Essential Partners LLC raised its stake in Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,208 shares during the period. Nvwm LLC grew its stake in shares of Weyerhaeuser by 174.7% in the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 800 shares during the period. Versant Capital Management Inc grew its stake in shares of Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 617 shares during the period. Addison Advisors LLC grew its stake in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the period. Finally, Bayban acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on WY shares. 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. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Friday, July 10th. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Weyerhaeuser Stock Down 1.1%

NYSE:WY opened at $24.55 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $24.35 and its two-hundred day moving average is $24.53. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business posted $0.12 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. Research analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, September 4th. Weyerhaeuser’s dividend payout ratio (DPR) is 129.23%.

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.