Denali Advisors LLC Purchases 1,709 Shares of Weyerhaeuser (NYSE:WY)

Denali Advisors LLC grew its stake in Weyerhaeuser (NYSE:WY) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,896 shares of the real estate investment trust’s stock after buying an additional 1,709 shares during the period. Denali Advisors LLC’s holdings in Weyerhaeuser were worth $822,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia lifted its stake in shares of Weyerhaeuser by 14.4% in the third quarter. Bank of Nova Scotia now owns 67,963 shares of the real estate investment trust’s stock valued at $2,084,000 after purchasing an additional 8,534 shares during the period. Gotham Asset Management LLC grew its position in shares of Weyerhaeuser by 128.0% in the 3rd quarter. Gotham Asset Management LLC now owns 16,055 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 9,013 shares in the last quarter. Lazard Asset Management LLC lifted its position in Weyerhaeuser by 6.4% in the 3rd quarter. Lazard Asset Management LLC now owns 330,147 shares of the real estate investment trust’s stock valued at $10,121,000 after purchasing an additional 19,868 shares during the last quarter. Lido Advisors LLC bought a new position in Weyerhaeuser during the third quarter valued at about $5,322,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Weyerhaeuser by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after buying an additional 58,688 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.6 %

NYSE WY traded down $0.43 during trading hours on Wednesday, reaching $27.05. The company’s stock had a trading volume of 2,549,876 shares, compared to its average volume of 3,457,660. The stock has a market cap of $19.72 billion, a P/E ratio of 24.79 and a beta of 1.39. The firm has a fifty day simple moving average of $29.91 and a 200-day simple moving average of $32.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. Weyerhaeuser has a 52 week low of $26.98 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. Weyerhaeuser’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.96%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insider Activity

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares in the company, valued at $170,226. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on WY. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Truist Financial reissued a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Royal Bank of Canada decreased their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, BMO Capital Markets lifted their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average price target of $37.67.

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.