Integrated Investment Consultants LLC Acquires Shares of 27,000 Weyerhaeuser Company $WY

Integrated Investment Consultants LLC acquired a new stake in Weyerhaeuser Company (NYSE:WY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,000 shares of the real estate investment trust’s stock, valued at approximately $640,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WY. First Eagle Investment Management LLC grew its stake in shares of Weyerhaeuser by 166.1% during the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after purchasing an additional 23,485,504 shares during the period. Freestone Grove Partners LP grew its stake in shares of Weyerhaeuser by 124.5% during the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock worth $166,030,000 after purchasing an additional 3,713,932 shares during the period. Wellington Management Group LLP grew its stake in shares of Weyerhaeuser by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after purchasing an additional 2,343,724 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Weyerhaeuser by 86.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,300,937 shares of the real estate investment trust’s stock worth $106,620,000 after purchasing an additional 1,990,806 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth $48,986,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Truist Financial lowered their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Citigroup lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Weyerhaeuser has an average rating of “Hold” and a consensus target price of $28.88.

Insider Activity

In related news, Director Richard Beckwitt acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the acquisition, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 4,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.31% of the company’s stock.

Weyerhaeuser Price Performance

NYSE:WY opened at $22.68 on Monday. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average is $24.09 and its two-hundred day moving average is $24.18.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Research analysts expect that Weyerhaeuser Company will post 0.3 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is presently 155.56%.

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.