Machina Capital S.A.S. Acquires New Holdings in Weyerhaeuser Company (NYSE:WY)

Key Points

• Machina Capital S.A.S. has invested approximately $465,000 in Weyerhaeuser Company, acquiring 15,881 shares of the real estate investment trust.
• Weyerhaeuser's stock price increased by 3.2%, reaching $26.50, with a significant trading volume of nearly 9 million shares during a recent trading session.
• The company announced a quarterly dividend of $0.21, resulting in an annualized dividend of $0.84 and a yield of 3.17%.

Machina Capital S.A.S. purchased a new position in Weyerhaeuser Company (NYSE:WY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,881 shares of the real estate investment trust's stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cohen & Steers Inc. grew its position in Weyerhaeuser by 57.5% in the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after purchasing an additional 14,213,243 shares during the last quarter. Norges Bank acquired a new stake in Weyerhaeuser in the 4th quarter worth $638,470,000. Geode Capital Management LLC grew its position in Weyerhaeuser by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock worth $566,527,000 after purchasing an additional 637,643 shares during the last quarter. Northern Trust Corp grew its position in Weyerhaeuser by 3.5% in the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock worth $268,498,000 after purchasing an additional 322,313 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Weyerhaeuser by 2.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust's stock valued at $264,171,000 after acquiring an additional 213,062 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.23 during trading on Monday, reaching $26.25. The company had a trading volume of 1,063,072 shares, compared to its average volume of 4,067,494. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a market cap of $19.03 billion, a PE ratio of 69.04, a PEG ratio of 57.18 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The business's 50 day moving average price is $26.12 and its 200-day moving average price is $27.62.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. Analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Weyerhaeuser announced that its board has authorized a share buyback program on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

WY has been the topic of several recent research reports. Truist Financial decreased their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. DA Davidson decreased their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

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.