Weyerhaeuser (NYSE:WY) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 677,214 shares of the real estate investment trust's stock after acquiring an additional 57,479 shares during the quarter. Stifel Financial Corp owned approximately 0.09% of Weyerhaeuser worth $22,931,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WY. Legal & General Group Plc increased its holdings in shares of Weyerhaeuser by 4.6% in the second quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust's stock valued at $324,450,000 after purchasing an additional 503,059 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock worth $295,940,000 after acquiring an additional 454,095 shares during the period. Allspring Global Investments Holdings LLC grew its position in Weyerhaeuser by 30.4% in 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 acquiring an additional 2,004,073 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 worth $151,437,000 after acquiring an additional 3,220,235 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Weyerhaeuser by 23.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust's stock worth $132,709,000 after acquiring an additional 740,508 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O'rourke bought 7,800 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost 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 in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Weyerhaeuser Trading Up 1.4 %

Shares of WY traded up $0.45 during midday trading on Monday, hitting $31.74. 3,266,521 shares of the stock were exchanged, compared to its average volume of 3,585,366. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a fifty day simple moving average of $31.98 and a 200 day simple moving average of $30.84. The firm has a market cap of $23.06 billion, a P/E ratio of 42.28 and a beta of 1.40. 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 (NYSE:WY - Get Free Report) last released its quarterly 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. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business posted $0.33 earnings per share. The company's quarterly revenue was down 13.3% on a year-over-year basis. On average, research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Friday. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Hold" and a consensus 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.