JGP Wealth Management LLC Invests $229,000 in Weyerhaeuser (NYSE:WY)

JGP Wealth Management LLC bought a new position in Weyerhaeuser (NYSE:WY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,751 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in Weyerhaeuser by 0.8% in the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock worth $1,544,000 after purchasing an additional 348 shares during the last quarter. Wedmont Private Capital grew its holdings in Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 350 shares in the last quarter. Institute for Wealth Management LLC. grew its holdings in Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 366 shares in the last quarter. CWM LLC grew its holdings in Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its holdings in Weyerhaeuser by 0.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 402 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Weyerhaeuser

In other news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Albert Monaco bought 31,500 shares of the stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 1.2 %

Shares of NYSE:WY opened at $33.04 on Friday. The business’s 50-day moving average is $31.68 and its 200 day moving average is $31.06. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market capitalization of $24.03 billion, a P/E ratio of 32.07 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, research analysts predict that Weyerhaeuser will post 0.51 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.42%. Weyerhaeuser’s payout ratio is presently 77.67%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent research reports. Truist Financial dropped their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Royal Bank of Canada lifted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating 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. DA Davidson dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.83.

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.