Caxton Associates LLP Makes New $606,000 Investment in Weyerhaeuser Company $WY

Key Points

• Caxton Associates LLP acquired a new stake in Weyerhaeuser Company, purchasing 20,685 shares valued at approximately $606,000 in the 1st quarter of the year.
• The stock has seen varied ratings from analysts, with Goldman Sachs recently downgrading it from "strong-buy" to "strong sell," while Citigroup and DA Davidson issued mixed ratings with price objective adjustments.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, which will be paid on September 12th, representing an annualized yield of 3.2%.

Caxton Associates LLP bought a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,685 shares of the real estate investment trust's stock, valued at approximately $606,000.

Several other hedge funds have also recently bought and sold shares of WY. Nuveen LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at about $107,330,000. Millennium Management LLC grew its position in Weyerhaeuser by 2,952.7% in the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust's stock valued at $91,657,000 after acquiring an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Weyerhaeuser by 63.9% during the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust's stock valued at $212,733,000 after purchasing an additional 2,833,288 shares during the period. Clean Energy Transition LLP acquired a new position in shares of Weyerhaeuser during the first quarter worth $55,429,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Weyerhaeuser in the first quarter valued at $53,061,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Up 0.4%

Shares of WY traded up $0.10 during mid-day trading on Wednesday, hitting $25.04. 550,148 shares of the company traded hands, compared to its average volume of 4,050,099. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $25.72 and a 200 day moving average of $26.54. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The company has a market capitalization of $18.06 billion, a PE ratio of 65.88, a price-to-earnings-growth ratio of 78.49 and a beta of 1.07.

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

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of analyst reports. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. CIBC decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research report on Thursday, September 11th. Citigroup cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. Truist Financial decreased their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. Finally, DA Davidson dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.88.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

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.