Deprince Race & Zollo Inc. Raises Holdings in Weyerhaeuser Company $WY

Key Points

• Deprince Race & Zollo Inc. raised its stake in Weyerhaeuser by 26.7% in Q4 to 1,390,311 shares (about 0.19% of the company) worth $32,936,000 after buying an additional 292,702 shares.
• Company insiders increased their holdings recently — Director Richard Beckwitt bought 20,000 shares at $25.70 and Director James Calvin O'Rourke bought 4,000 shares at $25.35 — with insiders now owning 0.31% of the stock.
• Analyst coverage is mixed (six Buys, four Holds, one Sell) with a consensus target of $28.88, while Weyerhaeuser pays a $0.84 annualized dividend (yield 3.4%) but has a high payout ratio of 190.91%, suggesting potential sustainability concerns.

Deprince Race & Zollo Inc. lifted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 26.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,390,311 shares of the real estate investment trust's stock after buying an additional 292,702 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.19% of Weyerhaeuser worth $32,936,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Weyerhaeuser during the fourth quarter worth approximately $7,870,000. LDR Capital Management LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $214,000. Bfsg LLC increased its holdings in shares of Weyerhaeuser by 44.0% in the fourth quarter. Bfsg LLC now owns 274,190 shares of the real estate investment trust's stock valued at $6,496,000 after purchasing an additional 83,806 shares during the last quarter. Trium Capital LLP increased its holdings in shares of Weyerhaeuser by 2.8% in the fourth quarter. Trium Capital LLP now owns 35,867 shares of the real estate investment trust's stock valued at $850,000 after purchasing an additional 961 shares during the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $2,330,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt bought 20,000 shares of the business's stock in a transaction on Thursday, February 19th. The stock was bought at an average price 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 in the company, valued at $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin O'rourke bought 4,000 shares of the business's stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, with a total value of $101,400.00. Following the purchase, the director owned 28,661 shares of the company's stock, valued at $726,556.35. The trade was a 16.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WY shares. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Citigroup increased their price target on Weyerhaeuser from $30.00 to $32.00 and gave the company a "buy" rating in a report on Friday, February 13th. UBS Group reaffirmed a "buy" rating on shares of Weyerhaeuser in a report on Monday, December 15th. Truist Financial increased their price target on Weyerhaeuser from $28.00 to $29.00 and gave the company a "hold" rating in a report on Monday, February 2nd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $28.88.

Weyerhaeuser Price Performance

WY stock opened at $24.65 on Monday. The business has a fifty day moving average of $24.84 and a two-hundred day moving average of $24.17. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of 56.01, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is 190.91%.

About Weyerhaeuser

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.

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