21,600 Shares in Weyerhaeuser (NYSE:WY) Bought by Versor Investments LP
Versor Investments LP acquired 21,600 shares of Weyerhaeuser (NYSE:WY) during Q2, as revealed in its recent SEC filing. Other investors have also adjusted their stakes, increasing institutional ownership to 82.99%. Analysts have mixed views, with several lowering price targets but maintaining buy or hold ratings. Weyerhaeuser's stock performance shows a market cap of $12.02 billion and a recent EPS of $0.21, missing estimates. The company also announced a quarterly dividend of $0.20, leading to a yield of 2.64%.
Versor Investments LP bought a new stake in Weyerhaeuser (NYSE:WY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,600 shares of the real estate investment trust's stock, valued at approximately $613,000.
- Falling Inflation Sparks Optimism for These 3 Home Builder Stocks
Other large investors have also added to or reduced their stakes in the company. American National Bank grew its holdings in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser during the first quarter valued at about $33,000. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser in the second quarter worth about $26,000. Register Financial Advisors LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at about $36,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 82.99% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. DA Davidson reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. Truist Financial reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Monday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Argus raised shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has an average rating of "Hold" and an average target price of $35.83.
- Inside Scoop: Bank of America Raised Potlatch Stock Price Target
Read Our Latest Stock Analysis on WY
Weyerhaeuser Stock Performance
Shares of WY stock opened at $30.28 on Wednesday. The stock has a market cap of $22.02 billion, a PE ratio of 27.53 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company's fifty day moving average price is $29.91 and its 200-day moving average price is $31.37.
- Don’t Miss These Stock Picks for the Lumber Price Surge
Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, equities analysts expect that Weyerhaeuser will post 0.59 EPS for the current fiscal year.
Weyerhaeuser Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.64%. Weyerhaeuser's dividend payout ratio (DPR) is presently 72.73%.
Insider Buying and Selling
In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company's stock, valued at $2,219,381.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now owns 5,790 shares in the company, valued at approximately $170,226. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert Monaco purchased 31,500 shares of the company's stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.
Weyerhaeuser Profile
(Free Report)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.
Recommended Stories
- Five stocks we like better than Weyerhaeuser
- Consumer Staples Stocks, Explained
- 3 Small Cap Stocks That Insiders Are Buying
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Analysts Forecast Big Upside for Western Digital—Don’t Miss Out
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 3 Must-Own Stocks for Bullish Investors in Today's Market
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ This technology could swing the election (From Porter & Company) (Ad)
Should you invest $1,000 in Weyerhaeuser right now?
Before you consider Weyerhaeuser, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weyerhaeuser wasn't on the list.
While Weyerhaeuser currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
