Aberdeen Group plc Sells 164,228 Shares of Weyerhaeuser Company $WY

Aberdeen Group plc trimmed its position in shares of Weyerhaeuser Company (NYSE:WY) by 15.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 929,870 shares of the real estate investment trust’s stock after selling 164,228 shares during the quarter. Aberdeen Group plc’s holdings in Weyerhaeuser were worth $22,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of WY. Allianz Asset Management GmbH increased its holdings in Weyerhaeuser by 27.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock worth $46,636,000 after acquiring an additional 405,575 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Weyerhaeuser by 2.0% in the third quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock worth $57,278,000 after purchasing an additional 46,207 shares during the period. Principal Financial Group Inc. increased its stake in shares of Weyerhaeuser by 2.7% in the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock worth $91,128,000 after purchasing an additional 97,769 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Weyerhaeuser by 40.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,904,893 shares of the real estate investment trust’s stock valued at $72,012,000 after purchasing an additional 838,229 shares during the period. Finally, Intact Investment Management Inc. bought a new stake in shares of Weyerhaeuser during the 3rd quarter valued at $3,406,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WY shares. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Truist Financial upped their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Royal Bank Of Canada lowered their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Six research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.88.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis bought 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director owned 25,978 shares in the company, valued at $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer owned 1,024,861 shares in the company, valued at $23,910,007.13. The trade was a 8.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 0.5%

WY stock opened at $26.88 on Wednesday. The firm has a fifty day moving average price of $25.27 and a 200 day moving average price of $24.51. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $31.66. The firm has a market cap of $19.38 billion, a PE ratio of 61.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $0.11 earnings per share. Weyerhaeuser’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s payout ratio is presently 190.91%.

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.