Northwest & Ethical Investments L.P. Boosts Position in Weyerhaeuser (NYSE:WY)

Northwest & Ethical Investments L.P. lifted its position in Weyerhaeuser (NYSE:WY) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,044 shares of the real estate investment trust’s stock after purchasing an additional 2,989 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Weyerhaeuser were worth $4,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Fiduciary Trust Co grew its position in Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after acquiring an additional 331 shares during the period. Wedmont Private Capital boosted its stake in shares of Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. grew its stake in shares of Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 366 shares in the last quarter. CWM LLC increased its holdings in Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the period. Finally, Trust Co. of Toledo NA OH increased its stake in shares of Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after buying an additional 402 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 1.4 %

Shares of NYSE WY opened at $32.35 on Friday. The stock has a market cap of $23.50 billion, a PE ratio of 43.72 and a beta of 1.40. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The business has a 50-day moving average price of $32.20 and a 200 day moving average price of $30.82. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

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

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WY. Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average price target of $36.33.

Insider Activity

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 shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Company 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.