Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 332,195 shares of the real estate investment trust's stock, valued at approximately $7,870,000.
Other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its holdings in Weyerhaeuser by 27.5% in the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust's stock valued at $46,636,000 after purchasing an additional 405,575 shares during the period. Citigroup Inc. grew its holdings in Weyerhaeuser by 68.5% in the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust's stock valued at $40,836,000 after purchasing an additional 669,451 shares during the period. Nordea Investment Management AB grew its holdings in Weyerhaeuser by 2.0% in the third quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust's stock valued at $57,278,000 after purchasing an additional 46,207 shares during the period. Principal Financial Group Inc. grew its holdings in Weyerhaeuser by 2.7% in the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust's stock valued at $91,128,000 after purchasing an additional 97,769 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $1,154,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have commented on the company. Citigroup raised their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the company a "buy" rating in a report on Friday, February 13th. Truist Financial raised their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the company a "hold" rating in a report on Monday, February 2nd. UBS Group reissued a "buy" rating on shares of Weyerhaeuser in a report on Monday, December 15th. New Street Research set a $28.00 price objective on Weyerhaeuser in a report on Friday, December 12th. Finally, Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.88.
Read Our Latest Stock Report on WY
Weyerhaeuser Stock Performance
Shares of NYSE:WY opened at $24.65 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The business's 50 day moving average price is $24.84 and its 200-day moving average price is $24.18. The firm has a market capitalization of $17.77 billion, a PE ratio of 56.01, a P/E/G ratio of 2.67 and a beta of 0.98. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.86.
Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.04. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business's revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.
Weyerhaeuser Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser's payout ratio is currently 190.91%.
Insider Buying and Selling
In other news, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were purchased at an average cost of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares of the company's stock, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Calvin O'rourke acquired 4,000 shares of the stock in a transaction on Friday, February 20th. The shares were bought at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 28,661 shares of the company's stock, valued at $726,556.35. The trade was a 16.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.27% of the company's stock.
Weyerhaeuser Profile
(
Free Report)
Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.
Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.
Further Reading
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY - Free Report).
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