Jacobs Levy Equity Management Inc. Invests $3.58 Million in Weyerhaeuser Company $WY

Key Points

• Jacobs Levy Equity Management Inc. has invested approximately $3.58 million in Weyerhaeuser Company, acquiring 122,094 shares during the first quarter.
• Institutional investors now own 82.99% of Weyerhaeuser's stock, with notable increases from firms such as Edmond DE Rothschild Holding S.A. and Advisors Asset Management Inc.
• Weyerhaeuser reported a quarterly EPS of $0.12, exceeding analysts' expectations, despite a 2.8% year-over-year drop in revenue.

Jacobs Levy Equity Management Inc. bought a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 122,094 shares of the real estate investment trust's stock, valued at approximately $3,575,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at about $27,000. GKV Capital Management Co. Inc. purchased a new position in shares of Weyerhaeuser in the 1st quarter worth approximately $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser in the first quarter valued at approximately $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser in the first quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC bought a new stake in Weyerhaeuser during the 1st quarter valued at $36,000. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. DA Davidson lowered their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. CIBC cut their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research report on Thursday. Truist Financial cut their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.75.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Trading Down 3.4%

NYSE WY traded down $0.89 during trading on Friday, hitting $24.94. 3,709,414 shares of the company's stock traded hands, compared to its average volume of 3,837,763. The stock has a fifty day moving average of $25.79 and a two-hundred day moving average of $26.67. 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 12-month low of $24.10 and a 12-month high of $34.03. The firm has a market cap of $17.99 billion, a P/E ratio of 65.63, a PEG ratio of 81.69 and a beta of 1.07.

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

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser's dividend payout ratio is presently 221.05%.

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.