22,000 Shares in Weyerhaeuser (NYSE:WY) Bought by Hedges Asset Management LLC

Hedges Asset Management LLC acquired a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,000 shares of the real estate investment trust's stock, valued at approximately $745,000.

Several other hedge funds have also recently made changes to their positions in the stock. Larson Financial Group LLC increased its holdings in Weyerhaeuser by 0.8% during the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust's stock valued at $1,544,000 after buying an additional 348 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 350 shares during the last quarter. Institute for Wealth Management LLC. lifted its position in Weyerhaeuser by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust's stock valued at $475,000 after purchasing an additional 366 shares during the last quarter. CWM LLC lifted its position in Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock valued at $582,000 after purchasing an additional 368 shares during the last quarter. Finally, Trust Co. of Toledo NA OH lifted its position in Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust's stock valued at $1,457,000 after purchasing an additional 402 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director James Calvin O'rourke purchased 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director James Calvin O'rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $32.01 per share, for a total transaction 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company's stock.

Weyerhaeuser Stock Up 0.5 %

Weyerhaeuser stock traded up $0.15 during midday trading on Monday, hitting $31.95. 2,877,974 shares of the company's stock were exchanged, compared to its average volume of 3,633,839. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a 50-day moving average of $32.05 and a two-hundred day moving average of $30.82. The company has a market cap of $23.24 billion, a PE ratio of 42.97 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the prior year, the business earned $0.33 EPS. The firm's quarterly revenue was down 13.3% on a year-over-year basis. As a group, analysts expect that Weyerhaeuser will post 0.45 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, August 30th. Weyerhaeuser's dividend payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

WY has been the topic of several recent analyst reports. BMO Capital Markets reissued a "market perform" rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Truist Financial raised their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Finally, DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus 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.