Foresight Group Ltd Liability Partnership Sells 15,597 Shares of Weyerhaeuser (NYSE:WY)

Foresight Group Ltd Liability Partnership trimmed its position in Weyerhaeuser (NYSE:WY) by 11.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 116,676 shares of the real estate investment trust’s stock after selling 15,597 shares during the period. Weyerhaeuser comprises approximately 1.7% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 11th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Weyerhaeuser were worth $3,951,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Weyerhaeuser by 5.9% during 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 buying an additional 2,874,101 shares during the period. Legal & General Group Plc raised its stake in Weyerhaeuser by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock worth $324,450,000 after buying an additional 503,059 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after buying an additional 2,004,073 shares during the period. Principal Financial Group Inc. raised its stake 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 buying an additional 804,650 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake 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 worth $90,247,000 after buying an additional 769,149 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $31.65 on Wednesday. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of 28.77 and a beta of 1.40. The business has a 50-day moving average of $31.93 and a 200-day moving average of $30.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business earned $0.32 EPS. Weyerhaeuser’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Weyerhaeuser will post 0.48 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. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is currently 72.73%.

Analysts Set New Price Targets

Several analysts recently commented on WY shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Citigroup lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Truist Financial increased their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average target price of $36.33.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction that occurred 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 completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The shares were bought 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 directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was 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 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.