Weyerhaeuser (NYSE:WY) Shares Acquired by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC grew its position in Weyerhaeuser (NYSE:WY) by 31.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,404 shares of the real estate investment trust’s stock after acquiring an additional 2,228 shares during the period. Catalytic Wealth RIA LLC’s holdings in Weyerhaeuser were worth $318,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Swedbank AB purchased a new stake in shares of Weyerhaeuser during the first quarter worth about $106,141,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after acquiring an additional 2,874,101 shares during the last quarter. Allspring Global Investments Holdings LLC lifted 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 valued at $291,306,000 after acquiring an additional 2,004,073 shares in the last quarter. M&G Plc acquired a new stake in shares of Weyerhaeuser in the first quarter worth approximately $60,792,000. Finally, Millennium Management LLC increased its position in shares of Weyerhaeuser by 512.3% during 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 purchasing an additional 1,308,125 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

NYSE:WY opened at $31.36 on Tuesday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a 50 day moving average price of $32.24 and a 200 day moving average price of $30.78. The stock has a market capitalization of $22.78 billion, a P/E ratio of 42.37 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

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

Weyerhaeuser Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.55%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup cut their price objective 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. Truist Financial boosted their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Royal Bank of Canada upped their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.33.

Insider Buying and Selling

In other news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred on 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 completion of the purchase, the director now owns 17,672 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at $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 insiders.

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.