Lansing Street Advisors Makes New Investment in Weyerhaeuser (NYSE:WY)

Lansing Street Advisors bought a new position in Weyerhaeuser (NYSE:WY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,601 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently modified their holdings of WY. Norden Group LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $832,000. First Trust Direct Indexing L.P. grew its holdings in shares of Weyerhaeuser by 28.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,177 shares of the real estate investment trust’s stock valued at $581,000 after acquiring an additional 3,574 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Weyerhaeuser by 19.8% in the first quarter. Van ECK Associates Corp now owns 56,266 shares of the real estate investment trust’s stock valued at $2,020,000 after acquiring an additional 9,307 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in Weyerhaeuser during the first quarter worth about $313,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Weyerhaeuser by 37.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 148,409 shares of the real estate investment trust’s stock valued at $5,329,000 after purchasing an additional 40,324 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

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

Weyerhaeuser Trading Up 0.1 %

Shares of WY stock opened at $31.18 on Monday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a market capitalization of $22.65 billion, a PE ratio of 42.14 and a beta of 1.40. The firm has a 50 day moving average price of $32.14 and a two-hundred day moving average price of $30.78. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. Weyerhaeuser’s payout ratio is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WY. Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. 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 note on Tuesday, October 15th. Finally, Royal Bank of Canada boosted 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser 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.