Weyerhaeuser Company (NYSE:WY) Shares Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP significantly increased its stake in Weyerhaeuser Company by 131.7% in the 1st quarter, now owning a total of 55,019 shares valued at approximately $1.61 million.
• Weyerhaeuser reported an EPS of $0.12 for the last quarter, exceeding analyst estimates, although revenue fell to $1.88 billion, down 2.8% year-over-year.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, reflecting a 3.3% yield, alongside a stock buyback plan worth $1 billion.

Entropy Technologies LP boosted its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 131.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,019 shares of the real estate investment trust's stock after purchasing an additional 31,272 shares during the period. Entropy Technologies LP's holdings in Weyerhaeuser were worth $1,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position in Weyerhaeuser by 8.0% during the 1st quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock worth $584,000 after purchasing an additional 1,480 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Weyerhaeuser by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock worth $2,171,000 after purchasing an additional 1,524 shares during the period. Farther Finance Advisors LLC grew its position in Weyerhaeuser by 232.0% during the 1st quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after purchasing an additional 6,622 shares during the period. J.W. Cole Advisors Inc. grew its position in Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock worth $1,087,000 after purchasing an additional 17,132 shares during the period. Finally, CX Institutional acquired a new stake in Weyerhaeuser during the 1st quarter worth about $119,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Price Performance

WY traded up $0.79 during trading on Wednesday, reaching $26.41. The company's stock had a trading volume of 4,369,144 shares, compared to its average volume of 4,737,939. 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 fifty day simple moving average of $26.07 and a two-hundred day simple moving average of $27.29. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 69.50, a PEG ratio of 74.23 and a beta of 1.08.

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

Weyerhaeuser announced that its board has authorized a stock buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Wall Street Analyst Weigh In

WY has been the topic of several analyst reports. Citigroup cut their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. DA Davidson dropped their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Truist Financial dropped their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.88.

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.