KLP Kapitalforvaltning AS Raises Position in Weyerhaeuser Company $WY

KLP Kapitalforvaltning AS grew its position in Weyerhaeuser Company (NYSE:WY) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 393,881 shares of the real estate investment trust’s stock after buying an additional 4,600 shares during the period. KLP Kapitalforvaltning AS owned approximately 0.05% of Weyerhaeuser worth $10,119,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. DAVENPORT & Co LLC raised its holdings in Weyerhaeuser by 8.0% in the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock worth $584,000 after buying an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Weyerhaeuser by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust’s stock worth $2,171,000 after acquiring an additional 1,524 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Weyerhaeuser by 232.0% in the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 6,622 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of Weyerhaeuser by 85.7% in the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 17,132 shares during the period. Finally, HB Wealth Management LLC grew its stake in shares of Weyerhaeuser by 3.3% in the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock worth $539,000 after acquiring an additional 663 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WY. Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. Truist Financial reduced their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.88.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $24.44 on Friday. The firm has a 50 day moving average of $25.32 and a 200 day moving average of $25.93. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 64.32, a price-to-earnings-growth ratio of 157.26 and a beta of 1.05. Weyerhaeuser Company has a 12-month low of $23.98 and a 12-month high of $33.56.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. On average, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

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.