Mutual of America Capital Management LLC Acquires 9,569 Shares of Weyerhaeuser (NYSE:WY)

Mutual of America Capital Management LLC boosted its holdings in Weyerhaeuser (NYSE:WY) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,758 shares of the real estate investment trust’s stock after acquiring an additional 9,569 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Weyerhaeuser were worth $6,425,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WY. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser in the third quarter worth approximately $25,000. Ridgewood Investments LLC purchased a new stake in Weyerhaeuser in the 2nd quarter valued at $26,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser during the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Park Place Capital Corp raised its holdings in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 80.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 1.1 %

Shares of WY opened at $30.68 on Wednesday. The firm has a market cap of $22.29 billion, a P/E ratio of 41.45 and a beta of 1.40. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The business has a 50-day moving average of $32.32 and a 200 day moving average of $30.79.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company’s revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. As a group, research analysts forecast that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, Truist Financial increased their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.33.

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.