abrdn plc Boosts Holdings in Weyerhaeuser (NYSE:WY)

abrdn plc lifted its stake in Weyerhaeuser (NYSE:WY - Free Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,256,780 shares of the real estate investment trust's stock after purchasing an additional 128,055 shares during the quarter. abrdn plc owned about 0.45% of Weyerhaeuser worth $110,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WY. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Weyerhaeuser by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust's stock valued at $2,199,000 after buying an additional 3,772 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Weyerhaeuser by 99.2% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 47,056 shares of the real estate investment trust's stock valued at $1,690,000 after acquiring an additional 23,432 shares during the period. Denali Advisors LLC grew its stake in shares of Weyerhaeuser by 8.1% in the first quarter. Denali Advisors LLC now owns 22,896 shares of the real estate investment trust's stock worth $822,000 after acquiring an additional 1,709 shares during the period. Norden Group LLC bought a new position in Weyerhaeuser during the first quarter valued at approximately $832,000. Finally, First Trust Direct Indexing L.P. grew its position in Weyerhaeuser by 28.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,177 shares of the real estate investment trust's stock worth $581,000 after purchasing an additional 3,574 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

WY has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, July 29th. StockNews.com cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday. Truist Financial lifted 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. DA Davidson reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, July 29th. Finally, Citigroup lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, July 30th. One research 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $36.33.

Weyerhaeuser Price Performance

Shares of WY stock traded down $1.07 on Tuesday, reaching $30.88. The company's stock had a trading volume of 7,185,322 shares, compared to its average volume of 3,650,831. The stock's fifty day simple moving average is $32.08 and its 200-day simple moving average is $30.81. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a market capitalization of $22.46 billion, a price-to-earnings ratio of 43.18 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.

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

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, August 30th. Weyerhaeuser's dividend payout ratio (DPR) is 108.11%.

Insider Activity

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 purchased 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 owns 70,726 shares in the company, valued at $2,219,381.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Albert Monaco bought 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company's stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Calvin O'rourke purchased 7,800 shares of the business's stock in a transaction dated 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 completion of the acquisition, the director now owns 17,672 shares of the company's stock, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.30% of the company's stock.

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.