Boston Partners Raises Position in Weyerhaeuser Company (NYSE:WY)

Key Points

• Boston Partners increased its stake in Weyerhaeuser Company by 112.8%, acquiring an additional 61,683 shares, bringing its total holdings to 116,364 shares valued at $3.4 million.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, with an annualized yield of 3.3% and a payout ratio of 221.05%.
• Following recent analyst downgrades, the consensus rating for Weyerhaeuser is "Moderate Buy" with an average target price of $32.88.

Boston Partners boosted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 112.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,364 shares of the real estate investment trust's stock after purchasing an additional 61,683 shares during the quarter. Boston Partners' holdings in Weyerhaeuser were worth $3,407,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. South Plains Financial Inc. bought a new position in Weyerhaeuser during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at approximately $27,000. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser during the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the first quarter worth $31,000. Finally, Costello Asset Management INC acquired a new stake in Weyerhaeuser during the first quarter valued at $32,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was acquired at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares of the company's stock, valued at $543,178.62. This represents a 22.89% 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 this link. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Citigroup reduced their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Truist Financial reduced their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. CIBC dropped their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Finally, DA Davidson dropped their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.88.

Weyerhaeuser Trading Down 1.7%

NYSE WY opened at $25.84 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a market capitalization of $18.64 billion, a PE ratio of 68.00, a price-to-earnings-growth ratio of 74.87 and a beta of 1.08. The firm has a 50 day moving average of $26.05 and a two-hundred day moving average of $27.20.

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

Weyerhaeuser announced that its board has approved a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's payout ratio is currently 221.05%.

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.

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