Jump Financial LLC Buys 103,683 Shares of Weyerhaeuser Company $WY

Key Points

• Jump Financial LLC increased its holdings in Weyerhaeuser Company by 196.1%, acquiring an additional 103,683 shares during the first quarter, bringing its total ownership to 156,557 shares worth approximately $4.58 million.
• Weyerhaeuser's most recent quarterly earnings showed $0.12 earnings per share, exceeding estimates, but revenue of $1.88 billion fell short of the consensus estimate.
• The company announced a quarterly dividend of $0.21 per share, resulting in an annualized yield of 3.2%, alongside a stock buyback program authorizing up to $1 billion in repurchases.

Jump Financial LLC boosted its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 196.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,557 shares of the real estate investment trust's stock after acquiring an additional 103,683 shares during the period. Jump Financial LLC's holdings in Weyerhaeuser were worth $4,584,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WY. NewEdge Advisors LLC increased its stake in Weyerhaeuser by 4.4% during the 4th quarter. NewEdge Advisors LLC now owns 17,377 shares of the real estate investment trust's stock worth $489,000 after acquiring an additional 726 shares during the period. MML Investors Services LLC increased its stake in Weyerhaeuser by 10.0% during the 4th quarter. MML Investors Services LLC now owns 84,590 shares of the real estate investment trust's stock worth $2,381,000 after acquiring an additional 7,693 shares during the period. TD Waterhouse Canada Inc. increased its stake in Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 807 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Weyerhaeuser during the 4th quarter worth $235,000. Finally, Boothbay Fund Management LLC increased its stake in Weyerhaeuser by 11.9% during the 4th quarter. Boothbay Fund Management LLC now owns 14,013 shares of the real estate investment trust's stock worth $394,000 after acquiring an additional 1,495 shares during the period. Institutional investors own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director owned 21,478 shares of the company's stock, 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. Insiders own 0.27% of the company's stock.

Weyerhaeuser Trading Down 1.2%

NYSE WY opened at $26.52 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 69.79, a price-to-earnings-growth ratio of 82.17 and a beta of 1.08. The business's fifty day moving average is $25.93 and its 200 day moving average is $26.99.

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 the consensus estimate 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%.Weyerhaeuser's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. As a group, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.2%. Weyerhaeuser's payout ratio is presently 221.05%.

Weyerhaeuser declared that its Board of Directors has approved a stock buyback program 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 repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.