KBC Group NV Has $11.06 Million Stock Position in Weyerhaeuser (NYSE:WY)

KBC Group NV boosted its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 315.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,588 shares of the real estate investment trust's stock after acquiring an additional 248,035 shares during the quarter. KBC Group NV's holdings in Weyerhaeuser were worth $11,058,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WY. Swedbank AB acquired a new position in Weyerhaeuser during the first quarter worth approximately $106,141,000. Price T Rowe Associates Inc. MD increased its position in Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust's stock worth $1,840,807,000 after buying an additional 2,874,101 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock valued at $291,306,000 after purchasing an additional 2,004,073 shares during the last quarter. Millennium Management LLC grew its stake in shares of Weyerhaeuser by 512.3% in the 2nd quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust's stock valued at $44,386,000 after purchasing an additional 1,308,125 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Weyerhaeuser by 2,221.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust's stock valued at $39,674,000 after purchasing an additional 1,191,983 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

WY has been the topic of several analyst reports. Argus upgraded Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. DA Davidson decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, July 29th. BMO Capital Markets restated a "market perform" rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. Finally, Truist Financial lifted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of "Hold" and an average price target of $36.33.

Weyerhaeuser Price Performance

NYSE WY traded up $0.07 on Friday, reaching $30.93. 2,916,637 shares of the stock traded hands, compared to its average volume of 3,491,185. The firm's fifty day simple moving average is $32.31 and its 200 day simple moving average is $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. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 41.80 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company earned $0.33 earnings per share. The company's revenue for the quarter was down 13.3% on a year-over-year basis. As a group, research analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

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 paid a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.59%. Weyerhaeuser's dividend payout ratio is 108.11%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O'rourke bought 7,800 shares of the company'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 owns 17,672 shares of the company's stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Albert Monaco bought 31,500 shares of the company's stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The trade was a 80.30 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company's stock.

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.