86,620 Shares in Weyerhaeuser Company $WY Bought by Nykredit A S

Key Points

• Nykredit A S bought 86,620 Weyerhaeuser shares worth approximately $2.07 million in the second quarter. Institutional investors collectively own 82.99% of the company, with First Eagle and Wellington among the largest holders.
• Weyerhaeuser reported quarterly EPS of $0.13, beating estimates of $0.08, while revenue reached $1.87 billion but declined 8.3% year over year. The stock recently traded at $21.54, near its 52-week low.
• The company pays a quarterly dividend of $0.21 per share, or $0.84 annualized, representing a 3.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $28.67.

Nykredit A S bought a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 86,620 shares of the real estate investment trust's stock, valued at approximately $2,074,000.

A number of other institutional investors also recently bought and sold shares of WY. First Eagle Investment Management LLC lifted its stake in Weyerhaeuser by 10.6% during the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust's stock worth $1,225,232,000 after purchasing an additional 4,885,818 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Weyerhaeuser by 14.3% during the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust's stock worth $1,043,164,000 after purchasing an additional 5,437,685 shares in the last quarter. Norges Bank purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $549,531,000. Geode Capital Management LLC boosted its position in shares of Weyerhaeuser by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust's stock valued at $479,155,000 after purchasing an additional 225,227 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Weyerhaeuser during the 2nd quarter worth approximately $468,969,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 2.5%

Shares of Weyerhaeuser stock opened at $21.54 on Wednesday. Weyerhaeuser Company has a fifty-two week low of $20.98 and a fifty-two week high of $27.75. The business's fifty day moving average is $23.75 and its two-hundred day moving average is $23.97. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The firm has a market cap of $15.52 billion, a PE ratio of 33.14, a P/E/G ratio of 2.00 and a beta of 0.87.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same period last year, the company earned $0.12 earnings per share. The company's quarterly revenue was down 8.3% on a year-over-year basis. Analysts anticipate that Weyerhaeuser Company will post 0.33 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser's payout ratio is 129.23%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Truist Financial reissued a "hold" rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. DA Davidson restated a "buy" rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, June 30th. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, September 3rd. Royal Bank Of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday, July 17th. Finally, Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.67.

Weyerhaeuser Company Profile

Weyerhaeuser NYSE: WY is a timberland owner and forest products company. Founded in 1900, the company owns or manages millions of acres of timberlands in the United States and Canada and sustainably grows, harvests and replenishes trees for use in construction and other applications.

Weyerhaeuser's products include lumber, oriented strand board, engineered wood products, structural panels and other building materials used in residential and commercial construction. The company also generates income from timber, logs, real estate and strategically managed natural-resource properties.

In addition to its forest products operations, Weyerhaeuser provides natural climate solutions, including carbon-storage opportunities associated with its timberlands.

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