UniSuper Management Pty Ltd Has $5.79 Million Position in Weyerhaeuser Company $WY

UniSuper Management Pty Ltd lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 23.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 233,552 shares of the real estate investment trust’s stock after buying an additional 44,201 shares during the period. UniSuper Management Pty Ltd’s holdings in Weyerhaeuser were worth $5,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of Weyerhaeuser by 2.0% during the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock worth $57,278,000 after buying an additional 46,207 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Weyerhaeuser by 2.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,463,028 shares of the real estate investment trust’s stock worth $261,053,000 after acquiring an additional 285,375 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Weyerhaeuser by 64.2% during the third quarter. Exchange Traded Concepts LLC now owns 127,327 shares of the real estate investment trust’s stock worth $3,156,000 after acquiring an additional 49,787 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Weyerhaeuser by 21.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 718,156 shares of the real estate investment trust’s stock worth $17,803,000 after purchasing an additional 128,675 shares during the period. Finally, Pacific Heights Asset Management LLC increased its stake in Weyerhaeuser by 75.0% in the third quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock valued at $8,676,000 after purchasing an additional 150,000 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $26.67 on Monday. The firm has a market capitalization of $19.22 billion, a P/E ratio of 59.26, a P/E/G ratio of 99.05 and a beta of 1.04. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $31.66. The stock has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $24.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.Weyerhaeuser’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.2%. Weyerhaeuser’s dividend payout ratio (DPR) is 186.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WY shares. DA Davidson cut their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Bank of America reissued a “neutral” rating and issued a $26.00 price objective (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Finally, Citigroup increased their target price on Weyerhaeuser from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average price target of $28.50.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis bought 4,500 shares of the stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by insiders.

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.