Van ECK Associates Corp Has $25.23 Million Holdings in Weyerhaeuser Company $WY

Van ECK Associates Corp decreased its position in Weyerhaeuser Company (NYSE:WY) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,017,761 shares of the real estate investment trust’s stock after selling 49,120 shares during the quarter. Van ECK Associates Corp owned about 0.14% of Weyerhaeuser worth $25,230,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its position 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 worth $30,000 after buying an additional 959 shares during the period. Cromwell Holdings LLC boosted its position in shares of Weyerhaeuser by 58.3% in the third 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 period. Operose Advisors LLC acquired a new position in shares of Weyerhaeuser in the second quarter valued at about $41,000. Optiver Holding B.V. bought a new position in Weyerhaeuser during the third quarter worth about $42,000. Finally, Hantz Financial Services Inc. raised its stake in Weyerhaeuser by 69.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 784 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WY has been the topic of several recent research reports. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Truist Financial lifted their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Finally, UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Six 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.88.

Weyerhaeuser Trading Down 3.9%

Shares of WY stock opened at $23.23 on Thursday. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $30.28. The stock’s fifty day moving average price is $25.64 and its two-hundred day moving average price is $24.39. 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 company has a market cap of $16.74 billion, a PE ratio of 52.79 and a beta of 1.03.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

Insider Activity at Weyerhaeuser

In related news, Director Richard Beckwitt bought 20,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director owned 24,066 shares in the company, valued at $618,496.20. This represents a 491.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction 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 transaction, the chief executive officer 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders purchased 28,500 shares of company stock valued at $721,645. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

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.