Weyerhaeuser (NYSE:WY) shares bought by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership boosted its stake in Weyerhaeuser (NYSE:WY – Free Report) by 96.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,273 shares of the real estate investment trust’s stock after purchasing an additional 64,874 shares during the period. Weyerhaeuser makes up about 1.6% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 12th biggest holding. Foresight Group Ltd Liability Partnership’s holdings in Weyerhaeuser were worth $3,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in WY. Ridgewood Investments LLC purchased a new position in Weyerhaeuser in the second quarter valued at about $26,000. American National Bank boosted its holdings in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Weyerhaeuser in the first quarter valued at about $33,000. Park Place Capital Corp boosted its holdings in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in Weyerhaeuser in the first quarter worth about $36,000. 82.99% of the shares are currently owned by institutional investors and hedge funds.

Changes in Analyst Ratings

Several research firms have weighed in on WY. BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. DA Davidson reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Truist Financial cut their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Finally, Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th . Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.83, according to MarketBeat.com.

Get the latest research report on WY

Insider Buying and Selling at Weyerhaeuser

In other news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. The acquisition was disclosed in a filing with the SEC, which is available via this hyperlink. In other news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. Disclosure for this purchase can be found here. 0.27% of shares are owned by corporate insiders.

Weyerhaeuser trade down 0.4%

Shares of WY stock opened at $33.11 on Thursday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a 50-day moving average price of $30.74 and a 200-day moving average price of $31.22. The stock has a market cap of $24.14 billion, a P/E ratio of 30.10 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58, and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY – Get Your Free Report ) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s revenue rose 3.1% year over year. In the same quarter last year, the firm earned $0.32 EPS. equities research analysts predict that Weyerhaeuser will post 0.52 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 30. This represents an annualized dividend of $0.80 and a yield of 2.42%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Weyerhaeuser Company Profile

(Free report)

The Weyerhaeuser Company, one of the world’s largest private timberland owners, began operations in 1900. We own or control approximately 11 million acres of timberland in the US and manage additional forestland under long-term licenses in Canada. We manage these timberlands on a sustainable basis in accordance with internationally recognized forestry standards.

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