Ontario Teachers Pension Plan Board Acquires New Shares in Weyerhaeuser Company $WY

Ontario Teachers Pension Plan Board bought a new position in Weyerhaeuser Company (NYSE:WY) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 39,131 shares of the real estate investment trust’s stock, valued at approximately $970,000.

A number of other hedge funds have also recently added to or reduced their stakes in WY. King Luther Capital Management Corp raised its holdings in shares of Weyerhaeuser by 49.9% during the 3rd quarter. King Luther Capital Management Corp now owns 16,071 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 5,351 shares in the last quarter. NEOS Investment Management LLC increased its position in Weyerhaeuser by 66.7% during the third quarter. NEOS Investment Management LLC now owns 167,966 shares of the real estate investment trust’s stock worth $4,164,000 after buying an additional 67,201 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in Weyerhaeuser by 4.5% during the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 90,666 shares of the real estate investment trust’s stock valued at $2,248,000 after buying an additional 3,924 shares in the last quarter. Guidance Capital Inc. lifted its position in shares of Weyerhaeuser by 7.0% in the third quarter. Guidance Capital Inc. now owns 38,889 shares of the real estate investment trust’s stock worth $929,000 after buying an additional 2,557 shares during the last quarter. Finally, M&G PLC boosted its stake in shares of Weyerhaeuser by 7.0% during the 3rd quarter. M&G PLC now owns 2,457,922 shares of the real estate investment trust’s stock worth $61,448,000 after acquiring an additional 159,733 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $23.61 per share, with a total value of $106,245.00. Following the completion of the transaction, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent analyst reports. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a report on Friday, December 12th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Finally, Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Stock Down 2.8%

Shares of WY opened at $25.54 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. The company has a 50-day simple moving average of $25.38 and a 200-day simple moving average of $24.53. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $31.66. The firm has a market capitalization of $18.40 billion, a P/E ratio of 58.04 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. Weyerhaeuser’s payout ratio is currently 190.91%.

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.