Intact Investment Management Inc. Increases Stake in Weyerhaeuser Company $WY

Key Points

• Intact Investment Management raised its stake in Weyerhaeuser by 31.0% in Q4 to 180,000 shares, worth about $4.26 million.
• Wall Street consensus is a "Hold" with a $28.75 target, reflecting mixed analyst sentiment (6 Buys, 4 Holds, 1 Sell).
• Weyerhaeuser beat quarterly EPS estimates ($0.11 vs. $0.04) on $1.73B revenue and pays a $0.21 quarterly dividend (3.6% yield), though the dividend payout ratio is high at 155.56%.

Intact Investment Management Inc. lifted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 31.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 180,000 shares of the real estate investment trust's stock after purchasing an additional 42,600 shares during the quarter. Intact Investment Management Inc.'s holdings in Weyerhaeuser were worth $4,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WY. NovaPoint Capital LLC grew its stake in Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 385 shares during the last quarter. BOKF NA grew its stake in Weyerhaeuser by 4.6% during the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust's stock valued at $260,000 after purchasing an additional 463 shares during the last quarter. CoreCap Advisors LLC grew its stake in Weyerhaeuser by 27.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 487 shares during the last quarter. Kiley Juergens Wealth Management LLC grew its stake in Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust's stock valued at $489,000 after purchasing an additional 487 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Weyerhaeuser by 23.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust's stock valued at $64,000 after purchasing an additional 488 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WY. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Weyerhaeuser in a report on Monday. Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, April 15th. Citigroup reissued an "outperform" rating on shares of Weyerhaeuser in a report on Thursday, April 23rd. Weiss Ratings raised Weyerhaeuser from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, February 10th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a report on Thursday, April 23rd. 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 stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Hold" and a consensus target price of $28.75.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt purchased 20,000 shares of Weyerhaeuser stock in a transaction that occurred 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 acquisition, the director owned 24,066 shares of the company's stock, valued at $618,496.20. This trade represents a 491.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin O'rourke purchased 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average cost of $25.35 per share, with a total value of $101,400.00. Following the acquisition, the director directly owned 28,661 shares in the company, valued at $726,556.35. This trade represents a 16.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.31% of the company's stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $23.56 on Tuesday. The stock has a market cap of $16.98 billion, a PE ratio of 43.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.90. The business has a 50-day simple moving average of $24.33 and a 200-day simple moving average of $24.20. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. 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 released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.Weyerhaeuser's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, equities analysts expect that Weyerhaeuser Company will post 0.26 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser's dividend payout ratio is presently 155.56%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.