Nordea Investment Management AB Increases Stock Holdings in Weyerhaeuser Company $WY

Nordea Investment Management AB lifted its position in shares of Weyerhaeuser Company (NYSE:WY) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,322,728 shares of the real estate investment trust’s stock after buying an additional 46,207 shares during the period. Nordea Investment Management AB’s holdings in Weyerhaeuser were worth $57,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Diversified Investment Strategies LLC acquired a new stake in Weyerhaeuser during the third quarter worth $284,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Weyerhaeuser by 6.1% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 26,052 shares of the real estate investment trust’s stock worth $646,000 after purchasing an additional 1,496 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Weyerhaeuser by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,623,654 shares of the real estate investment trust’s stock worth $40,250,000 after purchasing an additional 19,340 shares during the last quarter. First Horizon Corp purchased a new stake in Weyerhaeuser in the 3rd quarter valued at about $51,000. Finally, MGO One Seven LLC lifted its position in Weyerhaeuser by 61.0% in the third quarter. MGO One Seven LLC now owns 14,515 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 5,499 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Citigroup raised their price target on shares of Weyerhaeuser from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. DA Davidson cut their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.50.

Insider Activity at Weyerhaeuser

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

Weyerhaeuser Trading Up 4.4%

NYSE WY opened at $26.58 on Thursday. The firm’s fifty day moving average is $23.07 and its two-hundred day moving average is $24.39. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23. The firm has a market cap of $19.16 billion, a PE ratio of 59.07, a P/E/G ratio of 100.94 and a beta of 1.04.

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

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s dividend payout ratio is 186.67%.

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.