PGGM Investments Buys 10,722 Shares of Weyerhaeuser (NYSE:WY)

PGGM Investments lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,337 shares of the real estate investment trust’s stock after purchasing an additional 10,722 shares during the quarter. PGGM Investments’ holdings in Weyerhaeuser were worth $3,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser during the 4th quarter worth about $26,000. American National Bank boosted its position in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Weyerhaeuser in the 1st quarter valued at about $33,000. Finally, Register Financial Advisors LLC bought a new position in Weyerhaeuser in the 1st quarter valued at about $36,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.6 %

NYSE:WY traded down $0.18 on Friday, hitting $31.74. The stock had a trading volume of 4,942,172 shares, compared to its average volume of 3,977,255. The firm’s fifty day simple moving average is $29.35 and its two-hundred day simple moving average is $31.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock has a market cap of $23.09 billion, a P/E ratio of 28.85 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. Analysts predict that Weyerhaeuser will post 0.67 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WY shares. Citigroup dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday. DA Davidson dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Truist Financial dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.83.

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.