Virginia Retirement Systems ET AL raised its position in Weyerhaeuser (NYSE:WY – Get Rating) by 504.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 418,500 shares of the real estate investment trust’s stock after acquiring an additional 349,300 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Weyerhaeuser were worth $15,861,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. DeDora Capital Inc. purchased a new position in Weyerhaeuser in the first quarter worth approximately $27,000. Rosenberg Matthew Hamilton lifted its stake in Weyerhaeuser by 44.1% in the first quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 251 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new position in Weyerhaeuser in the fourth quarter worth approximately $32,000. Concord Wealth Partners purchased a new position in Weyerhaeuser in the fourth quarter worth approximately $40,000. Finally, Tyler Stone Wealth Management purchased a new position in Weyerhaeuser in the fourth quarter worth approximately $40,000. Institutional investors own 82.38% of the company’s stock.
In other news, Director Albert Monaco acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were purchased at an average cost of $38.43 per share, for a total transaction of $115,290.00. Following the transaction, the director now directly owns 27,246 shares in the company, valued at approximately $1,047,063.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.
Weyerhaeuser (NYSE:WY – Get Rating) last announced its earnings results on Friday, April 29th. The real estate investment trust reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.24. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. Analysts anticipate that Weyerhaeuser will post 3.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were issued a $0.18 dividend. The ex-dividend date was Thursday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.12%. Weyerhaeuser’s payout ratio is 20.06%.
WY has been the subject of a number of recent research reports. StockNews.com downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Truist Financial started coverage on shares of Weyerhaeuser in a report on Wednesday. They set a “hold” rating and a $37.00 price objective on the stock. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a report on Monday, May 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.20.
Weyerhaeuser Company Profile (Get Rating)
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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