First Eagle Investment Management LLC Buys 23,485,504 Shares of Weyerhaeuser Company $WY

First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 166.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,621,004 shares of the real estate investment trust’s stock after purchasing an additional 23,485,504 shares during the period. Weyerhaeuser accounts for 1.6% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 27th biggest holding. First Eagle Investment Management LLC owned approximately 0.05% of Weyerhaeuser worth $891,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in Weyerhaeuser during the fourth quarter worth about $39,000. Optiver Holding B.V. bought a new position in Weyerhaeuser during the third quarter worth about $42,000. Costello Asset Management INC boosted its position in Weyerhaeuser by 118.9% during the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 976 shares during the period. Lodestone Wealth Management LLC bought a new position in Weyerhaeuser during the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC boosted its position in Weyerhaeuser by 38.0% during the fourth quarter. Cromwell Holdings LLC now owns 1,878 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 517 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In related news, Director Richard Beckwitt purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the acquisition, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin O’rourke purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the acquisition, the director owned 28,661 shares of the company’s stock, valued at $726,556.35. This represents a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a report on Thursday, April 23rd. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, DA Davidson reissued a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.50.

Weyerhaeuser Trading Down 0.4%

Shares of WY opened at $23.43 on Tuesday. The firm’s 50 day simple moving average is $24.21 and its 200 day simple moving average is $24.20. The company has a market capitalization of $16.89 billion, a P/E ratio of 43.38, a P/E/G ratio of 1.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $0.11 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser Company will post 0.28 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a $0.21 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

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.