Signaturefd LLC Raises Stake in Weyerhaeuser (NYSE:WY)

Signaturefd LLC increased its stake in Weyerhaeuser (NYSE:WY) by 22.9% in the third quarter, HoldingsChannel.com reports. The firm owned 4,874 shares of the real estate investment trust’s stock after acquiring an additional 908 shares during the quarter. Signaturefd LLC’s holdings in Weyerhaeuser were worth $165,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Weyerhaeuser by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after acquiring an additional 31,355 shares in the last quarter. M&G Plc grew its holdings in Weyerhaeuser by 16.2% in the second quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after purchasing an additional 273,291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Weyerhaeuser by 243.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock valued at $12,300,000 after buying an additional 242,744 shares in the last quarter. Natixis raised its stake in shares of Weyerhaeuser by 1,026.4% during the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock worth $2,855,000 after buying an additional 72,440 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Weyerhaeuser by 52.3% in the 1st quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust’s stock valued at $4,166,000 after acquiring an additional 39,845 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.0 %

WY opened at $31.80 on Monday. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 28.91 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The business has a 50-day moving average of $32.05 and a two-hundred day moving average of $30.82.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS 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 analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, research analysts expect that Weyerhaeuser will post 0.48 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WY. Citigroup cut their target price 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. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada increased 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. Finally, DA Davidson cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Company 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.