Symphony Financial Ltd. Co. Boosts Stake in Weyerhaeuser (NYSE:WY)

Symphony Financial Ltd. Co. lifted its position in Weyerhaeuser (NYSE:WY) by 21.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,676 shares of the real estate investment trust’s stock after purchasing an additional 3,357 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Weyerhaeuser were worth $629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WY. Price T Rowe Associates Inc. MD boosted its holdings in Weyerhaeuser by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after acquiring an additional 2,874,101 shares during the period. Legal & General Group Plc grew its stake in shares of Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock worth $324,450,000 after buying an additional 503,059 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Weyerhaeuser by 30.4% in the 3rd 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 buying an additional 2,004,073 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Weyerhaeuser by 32.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after buying an additional 804,650 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Weyerhaeuser by 31.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock valued at $90,247,000 after purchasing an additional 769,149 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 2.0 %

WY opened at $31.65 on Wednesday. The firm has a market cap of $23.07 billion, a P/E ratio of 28.77 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $31.93 and a 200 day moving average of $30.87.

Weyerhaeuser (NYSE:WY) last released its quarterly 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. As a group, research analysts forecast that Weyerhaeuser will post 0.48 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.53%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Analysts Set New Price Targets

Several analysts have commented on WY shares. Truist Financial increased their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Royal Bank of Canada raised their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Citigroup decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company 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 Albert Monaco bought 31,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Albert Monaco purchased 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company 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.