Swedbank AB Purchases 96,744 Shares of Weyerhaeuser Company $WY

Swedbank AB boosted its position in Weyerhaeuser Company (NYSE:WY) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 969,745 shares of the real estate investment trust’s stock after buying an additional 96,744 shares during the period. Swedbank AB’s holdings in Weyerhaeuser were worth $22,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Weyerhaeuser by 3.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,519,262 shares of the real estate investment trust’s stock worth $36,158,000 after purchasing an additional 43,656 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Weyerhaeuser by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 3,850,138 shares of the real estate investment trust’s stock worth $91,210,000 after purchasing an additional 174,144 shares in the last quarter. Truist Financial Corp increased its holdings in Weyerhaeuser by 5.6% during the 4th quarter. Truist Financial Corp now owns 44,051 shares of the real estate investment trust’s stock worth $1,044,000 after purchasing an additional 2,343 shares in the last quarter. Intact Investment Management Inc. increased its holdings in Weyerhaeuser by 31.0% during the 4th quarter. Intact Investment Management Inc. now owns 180,000 shares of the real estate investment trust’s stock worth $4,264,000 after purchasing an additional 42,600 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. increased its holdings in Weyerhaeuser by 13.8% during the 4th quarter. Wilkins Investment Counsel Inc. now owns 506,030 shares of the real estate investment trust’s stock worth $11,988,000 after purchasing an additional 61,525 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director James Calvin O’rourke acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the purchase, 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. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Beckwitt acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director owned 24,066 shares of the company’s stock, valued at $618,496.20. The trade was a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.31% of the stock is owned by insiders.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $23.53 on Friday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86. The stock’s 50 day moving average price is $24.25 and its 200-day moving average price is $24.20. The company has a market capitalization of $16.96 billion, a PE ratio of 43.57, a PEG ratio of 1.51 and a beta of 0.90. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Weyerhaeuser Company will post 0.28 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were 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 was Tuesday, March 10th. Weyerhaeuser’s payout ratio is presently 155.56%.

Analysts Set New Price Targets

A number of brokerages have commented on WY. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Citigroup decreased their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday. Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Finally, DA Davidson reissued a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $28.50.

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.