Entropy Technologies LP Acquires 67,897 Shares of Weyerhaeuser (NYSE:WY)

Entropy Technologies LP boosted its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 162.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,745 shares of the real estate investment trust's stock after purchasing an additional 67,897 shares during the quarter. Entropy Technologies LP's holdings in Weyerhaeuser were worth $3,716,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System boosted its position in shares of Weyerhaeuser by 3.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust's stock valued at $32,207,000 after buying an additional 31,355 shares during the last quarter. M&G Plc boosted its position in shares of Weyerhaeuser by 16.2% during the second quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust's stock valued at $54,935,000 after buying an additional 273,291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Weyerhaeuser by 243.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust's stock valued at $12,300,000 after buying an additional 242,744 shares during the last quarter. Natixis boosted its position in shares of Weyerhaeuser by 1,026.4% during the first quarter. Natixis now owns 79,498 shares of the real estate investment trust's stock valued at $2,855,000 after buying an additional 72,440 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in Weyerhaeuser in the first quarter worth $1,015,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Shares of WY traded down $0.67 during trading hours on Tuesday, reaching $30.68. 2,892,117 shares of the company's stock traded hands, compared to its average volume of 3,636,103. The stock has a market cap of $22.29 billion, a PE ratio of 42.37 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm's 50 day simple moving average is $32.26 and its 200-day simple moving average is $30.78. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The firm 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%. The company's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. Equities analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. Weyerhaeuser's dividend payout ratio is 108.11%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. Royal Bank of Canada boosted their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Argus upgraded Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Finally, Truist Financial raised their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Hold" and a consensus target price of $36.33.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O'rourke acquired 7,800 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James Calvin O'rourke purchased 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The shares were acquired at an average cost 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. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Albert Monaco purchased 31,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

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.