Northwest & Ethical Investments L.P. Raises Holdings in Weyerhaeuser (NYSE:WY)

Northwest & Ethical Investments L.P. grew its holdings in Weyerhaeuser (NYSE:WY) by 2.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 145,044 shares of the real estate investment trust’s stock after buying an additional 2,989 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Weyerhaeuser were worth $4,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser during the third quarter worth about $25,000. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser in the second quarter valued at $26,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the last quarter. Finally, Park Place Capital Corp grew its position in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE:WY opened at $32.35 on Friday. The firm’s fifty day simple moving average is $32.20 and its 200 day simple moving average is $30.82. 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 has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 43.72 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm’s revenue was down 13.3% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. As a group, equities research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.47%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Insider Buying and Selling

In related news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.