116,636 Shares in Weyerhaeuser Company $WY Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 116,636 shares of the real estate investment trust’s stock, valued at approximately $2,891,000.

Several other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of Weyerhaeuser by 23.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 488 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Weyerhaeuser by 6.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 500 shares during the last quarter. Cromwell Holdings LLC raised its position in shares of Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares in the last quarter. Unison Advisors LLC raised its position in shares of Weyerhaeuser by 0.8% during the 3rd quarter. Unison Advisors LLC now owns 70,450 shares of the real estate investment trust’s stock valued at $1,746,000 after buying an additional 571 shares in the last quarter. Finally, S.A. Mason LLC lifted its holdings in shares of Weyerhaeuser by 7.6% in the 3rd quarter. S.A. Mason LLC now owns 8,529 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Richard Beckwitt purchased 20,000 shares of Weyerhaeuser stock in a transaction dated Thursday, February 19th. The shares were purchased at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the acquisition, the director owned 24,066 shares in the company, valued at $618,496.20. This represents a 491.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $23.61 per share, with a total value of $106,245.00. Following the completion of the purchase, the director directly owned 25,978 shares in the company, valued at $613,340.58. The trade was a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 28,500 shares of company stock valued at $721,645. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. New Street Research set a $28.00 price objective on Weyerhaeuser in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Finally, Bank of America reissued a “neutral” rating and set a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Six investment 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. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Price Performance

WY stock opened at $23.23 on Thursday. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $30.28. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $25.64 and a 200 day moving average price of $24.39. The stock has a market cap of $16.74 billion, a PE ratio of 52.79 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. Equities research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is 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 is currently 190.91%.

Weyerhaeuser Company 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.