V Square Quantitative Management LLC Grows Stock Position in Weyerhaeuser (NYSE:WY)

V Square Quantitative Management LLC lifted its holdings in Weyerhaeuser (NYSE:WY) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,900 shares of the real estate investment trust’s stock after purchasing an additional 1,269 shares during the period. V Square Quantitative Management LLC’s holdings in Weyerhaeuser were worth $742,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WY. Swedbank AB purchased a new position in shares of Weyerhaeuser during the 1st quarter worth $106,141,000. Price T Rowe Associates Inc. MD raised its holdings 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 purchasing an additional 2,874,101 shares during the period. M&G Plc purchased a new position in Weyerhaeuser during the first quarter valued at $60,792,000. Principal Financial Group Inc. grew its holdings in Weyerhaeuser by 145.0% during the first quarter. Principal Financial Group Inc. now owns 2,491,743 shares of the real estate investment trust’s stock valued at $89,479,000 after purchasing an additional 1,474,806 shares during the period. Finally, Millennium Management LLC increased its position in Weyerhaeuser by 512.3% in the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock worth $44,386,000 after buying an additional 1,308,125 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial boosted their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday. DA Davidson dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Royal Bank of Canada raised their price objective 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. Citigroup dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $36.33.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Stock Up 0.8 %

WY opened at $33.06 on Friday. 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 simple moving average of $31.86 and a two-hundred day simple moving average of $30.97. The company has a market capitalization of $24.10 billion, a PE ratio of 30.05 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results 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). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Analysts forecast 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. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

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.