Van ECK Associates Corp Buys 1,191,983 Shares of Weyerhaeuser (NYSE:WY)

Van ECK Associates Corp lifted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 2,221.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,245,633 shares of the real estate investment trust's stock after buying an additional 1,191,983 shares during the quarter. Van ECK Associates Corp owned 0.17% of Weyerhaeuser worth $39,674,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new stake in Weyerhaeuser during the 3rd quarter valued at approximately $148,000. Hills Bank & Trust Co bought a new stake in Weyerhaeuser in the third quarter valued at $110,000. S.A. Mason LLC boosted its holdings in shares of Weyerhaeuser by 15.9% during the third quarter. S.A. Mason LLC now owns 7,029 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 966 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in shares of Weyerhaeuser during the third quarter worth about $205,000. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Weyerhaeuser by 7.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 15,405 shares of the real estate investment trust's stock worth $522,000 after acquiring an additional 1,081 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on WY shares. Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. 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. BMO Capital Markets restated a "market perform" rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. Finally, DA Davidson dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.33.

Insider Buying and Selling

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

Weyerhaeuser Stock Performance

NYSE WY traded up $0.53 during midday trading on Monday, hitting $31.71. The company had a trading volume of 2,496,531 shares, compared to its average volume of 3,646,701. The firm has a fifty day simple moving average of $32.14 and a two-hundred day simple moving average of $30.78. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. 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 stock has a market cap of $23.04 billion, a price-to-earnings ratio of 42.14 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The business's revenue was down 13.3% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.52%. Weyerhaeuser's payout ratio is 108.11%.

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.