Sumitomo Mitsui Trust Group Inc. Grows Holdings in Weyerhaeuser Company $WY

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,623,654 shares of the real estate investment trust’s stock after purchasing an additional 19,340 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Weyerhaeuser worth $40,250,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in shares of Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 521 shares during the period. Tradewinds Capital Management LLC raised its stake in Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 959 shares during the last quarter. Cromwell Holdings LLC raised its stake in Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 501 shares during the last quarter. Private Wealth Asset Management LLC lifted its position in Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 807 shares during the period. Finally, Operose Advisors LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at approximately $41,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $26.78 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66. The firm has a market capitalization of $19.30 billion, a P/E ratio of 59.51, a PEG ratio of 105.58 and a beta of 1.04. The company’s fifty day moving average is $23.15 and its two-hundred day moving average is $24.40.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. Weyerhaeuser’s payout ratio is 186.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. CIBC restated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Truist Financial boosted their price objective on shares of Weyerhaeuser from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. DA Davidson reduced their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.50.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis bought 4,500 shares of the stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $23.61 per share, with a total value of $106,245.00. Following the completion of the acquisition, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This trade represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.