Munich Reinsurance Co Stock Corp in Munich Invests $48.99 Million in Weyerhaeuser Company $WY

Key Points

• Munich Re purchased 1,976,043 shares of Weyerhaeuser in Q3, a new stake valued at approximately $48.99 million, representing about 0.27% ownership per its SEC filing.
• Analysts have an average rating of Hold on WY with a consensus price target of $28.88 (six Buy, four Hold, one Sell).
• Insider activity saw CEO Devin Stockfish sell 90,162 shares for roughly $2.10 million while director Richard Beckwitt bought 20,000 shares at $25.70, and the company announced a quarterly dividend of $0.21 per share (3.4% yield) with a payout ratio of 190.91%.

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,976,043 shares of the real estate investment trust's stock, valued at approximately $48,986,000. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.27% of Weyerhaeuser as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust's stock worth $29,000 after buying an additional 521 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in Weyerhaeuser by 401.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 959 shares in the last quarter. Cromwell Holdings LLC boosted its stake in Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 501 shares in the last quarter. Operose Advisors LLC bought a new position in Weyerhaeuser in the second quarter valued at about $41,000. Finally, Optiver Holding B.V. bought a new position in Weyerhaeuser in the third quarter valued at about $42,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on WY. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a report on Friday, December 12th. Bank of America reaffirmed a "neutral" rating and set a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Weiss Ratings raised shares of Weyerhaeuser from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, February 10th. Finally, UBS Group reiterated a "buy" rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $28.88.

Insider Buying and Selling

In other news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the sale, the chief executive officer owned 1,024,861 shares of the company's stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Beckwitt acquired 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 28,500 shares of company stock valued at $721,645 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Trading Down 0.6%

WY opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $31.12. The company's 50 day moving average price is $25.64 and its two-hundred day moving average price is $24.45. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 55.66 and a beta of 1.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The company's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser's dividend payout ratio (DPR) is currently 190.91%.

Weyerhaeuser Company Profile

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.

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