V Square Quantitative Management LLC Raises Stock Holdings in Weyerhaeuser (NYSE:WY)

V Square Quantitative Management LLC boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 6.2% in the third quarter, Holdings Channel.com reports. The fund owned 21,900 shares of the real estate investment trust’s stock after acquiring an additional 1,269 shares during the quarter. V Square Quantitative Management LLC’s holdings in Weyerhaeuser were worth $742,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WY. Price T Rowe Associates Inc. MD grew its stake in Weyerhaeuser by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after acquiring an additional 2,874,101 shares in the last quarter. Legal & General Group Plc grew its stake in Weyerhaeuser by 4.6% in the second quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock worth $324,450,000 after purchasing an additional 503,059 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Weyerhaeuser by 3.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock worth $187,351,000 after purchasing an additional 193,087 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Weyerhaeuser by 32.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after purchasing an additional 804,650 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Weyerhaeuser by 31.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock valued at $90,247,000 after purchasing an additional 769,149 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.8 %

NYSE:WY opened at $33.06 on Friday. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of 30.05 and a beta of 1.40. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $31.86 and a 200 day moving average of $30.97.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.51 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WY shares. Royal Bank of Canada increased their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday. DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, 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 note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.33.

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.