Intact Investment Management Inc. Boosts Stock Holdings in Weyerhaeuser Company $WY

Intact Investment Management Inc. boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 31.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 180,000 shares of the real estate investment trust’s stock after buying an additional 42,600 shares during the period. Intact Investment Management Inc.’s holdings in Weyerhaeuser were worth $4,264,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WY. Cromwell Holdings LLC increased its stake in Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Weyerhaeuser during the 4th quarter worth approximately $39,000. Optiver Holding B.V. purchased a new stake in Weyerhaeuser during the 3rd quarter worth approximately $42,000. Lodestone Wealth Management LLC purchased a new stake in Weyerhaeuser during the 4th quarter worth approximately $44,000. Finally, Hantz Financial Services Inc. increased its stake in Weyerhaeuser by 69.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 784 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director James Calvin O’rourke purchased 4,000 shares of the stock in a transaction dated Friday, February 20th. The stock was acquired at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares in the company, valued at approximately $726,556.35. This represents a 16.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction dated 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 transaction, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WY shares. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Monday. Finally, Truist Financial dropped their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.75.

Weyerhaeuser Trading Down 1.8%

Shares of Weyerhaeuser stock opened at $23.56 on Tuesday. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 2.63 and a beta of 0.90. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a 50 day moving average of $24.33 and a 200 day moving average of $24.20.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, research analysts predict that Weyerhaeuser Company will post 0.26 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

Weyerhaeuser 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.