Caxton Associates LLP Acquires New Stake 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 acquired a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,685 shares of the real estate investment trust's stock, valued at approximately $606,000.

Several other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in shares of Weyerhaeuser by 12.5% in the fourth quarter. Cetera Investment Advisers now owns 70,319 shares of the real estate investment trust's stock worth $1,979,000 after acquiring an additional 7,810 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Weyerhaeuser by 101.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 141,681 shares of the real estate investment trust's stock worth $3,988,000 after acquiring an additional 71,447 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Weyerhaeuser by 11.9% in the fourth quarter. Focus Partners Wealth now owns 37,174 shares of the real estate investment trust's stock worth $1,078,000 after acquiring an additional 3,965 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Weyerhaeuser by 2.5% in the fourth quarter. Millennium Management LLC now owns 102,544 shares of the real estate investment trust's stock worth $2,887,000 after acquiring an additional 2,532 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Weyerhaeuser by 20.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 30,556 shares of the real estate investment trust's stock worth $860,000 after acquiring an additional 5,150 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 3.4%

NYSE:WY traded down $0.89 on Friday, reaching $24.94. The company's stock had a trading volume of 3,709,414 shares, compared to its average volume of 3,837,763. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03. 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 firm has a market cap of $17.99 billion, a price-to-earnings ratio of 65.63, a price-to-earnings-growth ratio of 81.69 and a beta of 1.07. The stock has a 50 day moving average price of $25.76 and a 200 day moving average price of $26.61.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser's payout ratio is currently 221.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WY. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. DA Davidson lowered their price objective on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Citigroup lowered their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Finally, Truist Financial lowered their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. One equities research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.75.

Insider Buying and Selling

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company's stock, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser 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.