Fox Run Management L.L.C. Takes $1.29 Million Position in Weyerhaeuser Company $WY

Key Points

• Fox Run Management L.L.C. has invested approximately $1.29 million in Weyerhaeuser Company, acquiring 44,165 shares of the real estate investment trust's stock.
• The company recently reported earnings of $0.12 per share for the last quarter, which is higher than analysts' expectations of $0.10, but its revenue of $1.88 billion fell short of the projected $1.94 billion.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, representing a dividend yield of 3.2%, but has a high dividend payout ratio of 221.05%.

Fox Run Management L.L.C. acquired a new position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,165 shares of the real estate investment trust's stock, valued at approximately $1,293,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Weyerhaeuser during the fourth quarter valued at about $26,206,000. Rockefeller Capital Management L.P. raised its holdings in Weyerhaeuser by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 92,599 shares of the real estate investment trust's stock valued at $2,609,000 after buying an additional 8,354 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in Weyerhaeuser during the fourth quarter valued at about $177,000. Bridgewater Associates LP bought a new position in Weyerhaeuser during the fourth quarter valued at about $1,604,000. Finally, Jump Financial LLC raised its holdings in Weyerhaeuser by 122.4% during the fourth quarter. Jump Financial LLC now owns 52,874 shares of the real estate investment trust's stock valued at $1,488,000 after buying an additional 29,102 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

WY stock traded up $0.6050 during trading on Tuesday, reaching $26.2850. 1,950,161 shares of the stock were exchanged, compared to its average volume of 4,056,869. Weyerhaeuser Company has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a market capitalization of $18.96 billion, a P/E ratio of 69.22, a price-to-earnings-growth ratio of 74.87 and a beta of 1.08. The stock has a 50 day simple moving average of $26.02 and a 200-day simple moving average of $27.14. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. 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 payout ratio is presently 221.05%.

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

Wall Street Analysts Forecast Growth

WY has been the topic of several recent research reports. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Truist Financial cut their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. DA Davidson cut their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Finally, Citigroup lowered 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.88.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were bought 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 $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 available through this hyperlink. Insiders own 0.27% of the company's stock.

Weyerhaeuser Company 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.