LRI Investments LLC Increases Holdings in Weyerhaeuser Company $WY

LRI Investments LLC lifted its position in Weyerhaeuser Company (NYSE:WY) by 1,218.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,218 shares of the real estate investment trust’s stock after purchasing an additional 2,974 shares during the period. LRI Investments LLC’s holdings in Weyerhaeuser were worth $83,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. S.A. Mason LLC raised its stake in Weyerhaeuser by 5.6% in the first quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 408 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Weyerhaeuser by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 445 shares in the last quarter. Unison Advisors LLC raised its stake in Weyerhaeuser by 0.7% in the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust’s stock worth $2,029,000 after buying an additional 455 shares in the last quarter. SPC Financial Inc. raised its stake in Weyerhaeuser by 3.5% in the first quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 500 shares in the last quarter. Finally, Horizon Investments LLC raised its stake in Weyerhaeuser by 5.2% in the first quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 516 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction on Monday, August 11th. The stock was bought at an average price of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director owned 21,478 shares in the company, valued at $543,178.62. The trade was a 22.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.96 on Tuesday. The stock has a 50-day moving average of $25.27 and a two-hundred day moving average of $25.80. Weyerhaeuser Company has a one year low of $23.72 and a one year high of $33.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a market cap of $17.28 billion, a P/E ratio of 63.04, a P/E/G ratio of 210.53 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s payout ratio is currently 221.05%.

Analysts Set New Price Targets

WY has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. CIBC reduced their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Truist Financial reduced their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.63.

About Weyerhaeuser

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.