TCW Group Inc. Has $6.13 Million Holdings in Weyerhaeuser (NYSE:WY)

TCW Group Inc. lessened its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 60.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 181,112 shares of the real estate investment trust's stock after selling 279,173 shares during the quarter. TCW Group Inc.'s holdings in Weyerhaeuser were worth $6,132,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WY. Wellington Management Group LLP raised its holdings in shares of Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after buying an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Weyerhaeuser by 257.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock valued at $151,437,000 after acquiring an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Weyerhaeuser by 2,664.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust's stock valued at $74,355,000 after purchasing an additional 2,116,520 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Weyerhaeuser by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock worth $291,306,000 after purchasing an additional 2,004,073 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust's stock worth $44,386,000 after purchasing an additional 1,308,125 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Down 1.6 %

WY traded down $0.49 during trading on Thursday, reaching $30.40. 2,848,462 shares of the stock traded hands, compared to its average volume of 3,589,979. The stock's 50-day simple moving average is $31.83 and its two-hundred day simple moving average is $30.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock has a market cap of $22.09 billion, a price-to-earnings ratio of 41.28 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company 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 company's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, equities research analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. Weyerhaeuser's payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. BMO Capital Markets upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Finally, Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $36.33.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O'rourke acquired 7,800 shares of the company's 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 completion of the purchase, the director now owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

About Weyerhaeuser

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.