Point72 Asia Singapore Pte. Ltd. Increases Holdings in Weyerhaeuser (NYSE:WY)

Point72 Asia Singapore Pte. Ltd. lifted its position in Weyerhaeuser (NYSE:WY) by 2,452.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,091 shares of the real estate investment trust’s stock after buying an additional 13,539 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Weyerhaeuser were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of 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 valued at $324,450,000 after buying an additional 503,059 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Weyerhaeuser by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after purchasing an additional 454,095 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Weyerhaeuser by 30.4% in the third 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 purchasing an additional 2,004,073 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Weyerhaeuser by 257.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after purchasing an additional 3,220,235 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Weyerhaeuser by 23.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust’s stock valued at $132,709,000 after purchasing an additional 740,508 shares during the period. Institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price 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 approximately $565,680.72. The trade was a 79.01 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Truist Financial increased their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $31.99 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a 50 day moving average of $32.15 and a 200 day moving average of $30.83. The firm has a market cap of $23.24 billion, a PE ratio of 43.22 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. On average, research analysts expect that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is 108.11%.

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.