Jacobs Levy Equity Management Inc. Takes $3.58 Million Position 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. acquired a new position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 122,094 shares of the real estate investment trust's stock, valued at approximately $3,575,000.

Several other institutional investors have also modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in Weyerhaeuser in the fourth quarter valued at $27,000. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser in the first quarter valued at $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser in the first quarter valued at $32,000. Finally, Marshall Investment Management LLC acquired a new position in Weyerhaeuser in the first quarter valued at $36,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded up $0.08 during trading hours on Monday, reaching $24.98. The company's stock had a trading volume of 512,589 shares, compared to its average volume of 4,047,203. The company's 50 day simple moving average is $25.76 and its 200 day simple moving average is $26.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The stock has a market cap of $18.02 billion, a P/E ratio of 65.78, a price-to-earnings-growth ratio of 78.75 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, 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 company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $0.21 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser's payout ratio is currently 221.05%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. CIBC decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a report on Thursday. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.75.

Insider Activity

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director directly owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.