Raiffeisen Bank International AG Reduces Stock Holdings in Weyerhaeuser Company $WY

Raiffeisen Bank International AG lowered its holdings in Weyerhaeuser Company (NYSE:WY) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156,150 shares of the real estate investment trust’s stock after selling 21,094 shares during the quarter. Raiffeisen Bank International AG’s holdings in Weyerhaeuser were worth $3,882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in Weyerhaeuser by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after purchasing an additional 346,571 shares during the period. Empowered Funds LLC boosted its stake in shares of Weyerhaeuser by 3.4% in the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 1,498 shares during the last quarter. Intech Investment Management LLC grew its holdings in Weyerhaeuser by 5.9% during the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after acquiring an additional 3,124 shares during the period. Ethic Inc. raised its position in Weyerhaeuser by 7.8% during the second quarter. Ethic Inc. now owns 27,618 shares of the real estate investment trust’s stock valued at $714,000 after acquiring an additional 2,009 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in Weyerhaeuser by 37.5% in the second quarter. Bleakley Financial Group LLC now owns 55,037 shares of the real estate investment trust’s stock valued at $1,414,000 after acquiring an additional 15,008 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,500 shares of the stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $23.61 per share, with a total value of $106,245.00. Following the completion of the purchase, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. The trade was a 20.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Calvin O’rourke purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $25.35 per share, with a total value of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This represents a 16.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 28,500 shares of company stock valued at $721,645 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $25.29 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. The firm has a fifty day moving average of $25.42 and a 200 day moving average of $24.52. The firm has a market cap of $18.22 billion, a PE ratio of 57.47 and a beta of 1.03. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. As a group, research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s payout ratio is presently 190.91%.

Analyst Upgrades and Downgrades

WY has been the subject of several recent research reports. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Truist Financial raised their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.88.

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.