Cubist Systematic Strategies LLC Takes $4.17 Million Position in Weyerhaeuser Company $WY

Key Points

• Cubist Systematic Strategies LLC has acquired a new stake in Weyerhaeuser Company, purchasing 142,433 shares valued at approximately $4.17 million in Q1.
• Weyerhaeuser also announced a quarterly dividend of $0.21 per share, reflecting a 3.3% dividend yield and a payout ratio of 221.05%.
• The company's recent quarterly earnings reported earnings per share of $0.12, exceeding consensus estimates, despite a decline in revenue year-over-year.

Cubist Systematic Strategies LLC bought a new position in Weyerhaeuser Company (NYSE:WY - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 142,433 shares of the real estate investment trust's stock, valued at approximately $4,170,000.

Several other hedge funds have also made changes to their positions in the company. Waverly Advisors LLC lifted its holdings in shares of Weyerhaeuser by 3.3% in the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock worth $305,000 after buying an additional 343 shares during the period. S.A. Mason LLC lifted its holdings in shares of Weyerhaeuser by 5.6% in the 1st quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock worth $224,000 after buying an additional 408 shares during the period. Unison Advisors LLC lifted its holdings in shares of Weyerhaeuser by 0.7% in the 1st quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust's stock worth $2,029,000 after buying an additional 455 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Weyerhaeuser by 16.0% in the 4th quarter. Colonial Trust Co SC now owns 3,495 shares of the real estate investment trust's stock worth $98,000 after buying an additional 483 shares during the period. Finally, SPC Financial Inc. lifted its holdings in shares of Weyerhaeuser by 3.5% in the 1st quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust's stock worth $427,000 after buying an additional 500 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Down 0.3%

Weyerhaeuser stock traded down $0.07 during midday trading on Wednesday, reaching $25.21. The company's stock had a trading volume of 484,262 shares, compared to its average volume of 4,046,383. The stock's 50-day simple moving average is $25.84 and its 200-day simple moving average is $26.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. 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 $18.19 billion, a P/E ratio of 66.36, a PEG ratio of 82.07 and a beta of 1.07.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business posted $0.21 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WY shares. Truist Financial lowered their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Citigroup decreased their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Finally, DA Davidson decreased their price objective on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the business's stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares of the company's stock, 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

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.