Quantinno Capital Management LP Purchases 34,094 Shares of Weyerhaeuser Company $WY

Quantinno Capital Management LP boosted its holdings in Weyerhaeuser Company (NYSE:WY) by 13.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 282,963 shares of the real estate investment trust’s stock after purchasing an additional 34,094 shares during the quarter. Quantinno Capital Management LP’s holdings in Weyerhaeuser were worth $6,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Weyerhaeuser in the fourth quarter worth approximately $7,870,000. Bfsg LLC boosted its position in shares of Weyerhaeuser by 44.0% during the fourth quarter. Bfsg LLC now owns 274,190 shares of the real estate investment trust’s stock valued at $6,496,000 after buying an additional 83,806 shares during the last quarter. Blume Capital Management Inc. grew its holdings in Weyerhaeuser by 35.8% during the fourth quarter. Blume Capital Management Inc. now owns 186,973 shares of the real estate investment trust’s stock worth $4,429,000 after buying an additional 49,275 shares in the last quarter. Pacific Heights Asset Management LLC grew its holdings in Weyerhaeuser by 71.4% during the fourth quarter. Pacific Heights Asset Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $14,214,000 after buying an additional 250,000 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Weyerhaeuser in the 4th quarter valued at $6,614,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.0%

Shares of Weyerhaeuser stock opened at $25.84 on Thursday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75. The firm has a market cap of $18.62 billion, a PE ratio of 39.75, a P/E/G ratio of 1.40 and a beta of 0.89. The stock has a fifty day moving average price of $24.26 and a 200-day moving average price of $24.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. Equities research analysts anticipate that Weyerhaeuser Company will post 0.31 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s payout ratio is presently 129.23%.

Wall Street Analysts Forecast Growth

WY has been the topic of several recent analyst reports. Citigroup dropped their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday. DA Davidson reissued a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Truist Financial reaffirmed a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

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.