Janus Henderson Group PLC Sells 262,617 Shares of Weyerhaeuser (NYSE:WY)

Janus Henderson Group PLC decreased its position in Weyerhaeuser (NYSE:WY - Free Report) by 39.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 396,556 shares of the real estate investment trust's stock after selling 262,617 shares during the period. Janus Henderson Group PLC owned approximately 0.05% of Weyerhaeuser worth $13,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WY. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Ridgewood Investments LLC bought a new position in shares of Weyerhaeuser in the second quarter valued at approximately $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Bangor Savings Bank boosted its holdings 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 valued at $38,000 after acquiring an additional 651 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O'rourke bought 7,800 shares of the business's stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by insiders.

Weyerhaeuser Trading Up 1.4 %

Shares of NYSE:WY traded up $0.45 during mid-day trading on Monday, hitting $31.74. The stock had a trading volume of 3,149,752 shares, compared to its average volume of 3,585,366. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The company has a market cap of $23.06 billion, a PE ratio of 42.89 and a beta of 1.40. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company's 50 day moving average is $31.94 and its 200-day moving average is $30.85.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, sell-side analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.

Analysts Set New Price Targets

Several research firms have recently issued reports on WY. StockNews.com cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Friday. Finally, Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $36.33.

Weyerhaeuser Company 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.