Weyerhaeuser (NYSE:WY) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 2,664.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,195,958 shares of the real estate investment trust's stock after buying an additional 2,116,520 shares during the quarter. Daiwa Securities Group Inc. owned 0.30% of Weyerhaeuser worth $74,355,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WY. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser in the third quarter worth approximately $25,000. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after buying an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser in the second quarter valued at about $27,000. Finally, Bangor Savings Bank lifted its stake in shares of Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after buying an additional 651 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WY. Argus raised shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Citigroup dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. DA Davidson reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, July 29th. Truist Financial upped their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.33.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of the business's stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company's stock, valued at $2,219,381.88. The trade was a 80.30 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Calvin O'rourke purchased 7,800 shares of the business's stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company's stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Trading Up 2.1 %

Shares of WY traded up $0.64 during trading on Friday, reaching $31.24. 2,514,204 shares of the company traded hands, compared to its average volume of 3,292,876. The stock has a 50-day simple moving average of $32.28 and a 200-day simple moving average of $30.78. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The stock has a market cap of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser's revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. Weyerhaeuser's payout ratio is 108.11%.

Weyerhaeuser Profile

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.