Russell Investments Group Ltd. Acquires 104,673 Shares of Weyerhaeuser Company $WY

Russell Investments Group Ltd. lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm owned 3,462,525 shares of the real estate investment trust’s stock after buying an additional 104,673 shares during the quarter. Russell Investments Group Ltd.’s holdings in Weyerhaeuser were worth $85,845,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its position in Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 959 shares during the last quarter. Cromwell Holdings LLC boosted its stake in shares of Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 501 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $41,000. Optiver Holding B.V. acquired a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $42,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Weyerhaeuser by 69.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 784 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Citigroup lifted their price target on shares of Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 13th. DA Davidson restated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 2nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Price Performance

NYSE WY opened at $24.45 on Tuesday. The stock has a 50-day simple moving average of $25.65 and a 200 day simple moving average of $24.42. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $31.12. The stock has a market capitalization of $17.62 billion, a PE ratio of 55.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

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

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

Insider Activity at Weyerhaeuser

In related news, Director Richard Beckwitt purchased 20,000 shares of Weyerhaeuser stock in a transaction on Thursday, February 19th. The stock was purchased at an average cost of $25.70 per share, with a total value of $514,000.00. Following the acquisition, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of Weyerhaeuser stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $23.61 per share, with a total value of $106,245.00. Following the completion of the acquisition, the director owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 28,500 shares of company stock worth $721,645. Insiders own 0.27% of the company’s stock.

About Weyerhaeuser

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.