Munich Reinsurance Co Stock Corp in Munich Purchases 336,783 Shares of Weyerhaeuser Company $WY

Key Points

• Munich Reinsurance raised its stake in Weyerhaeuser by 17% in Q4, acquiring 336,783 shares to hold 2,312,826 shares (about 0.32% of the company) valued at roughly $55.5 million.
• Two insiders bought stock recently: Director James Calvin O'Rourke acquired 4,000 shares (a 16.22% increase in his position) and Director Richard Beckwitt bought 20,000 shares (a 491.88% increase), materially boosting their ownership.
• Weyerhaeuser pays a quarterly dividend of $0.21 (annualized $0.84) for a 3.4% yield

Munich Reinsurance Co Stock Corp in Munich raised its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,312,826 shares of the real estate investment trust's stock after acquiring an additional 336,783 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.32% of Weyerhaeuser worth $55,485,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Tradewinds Capital Management LLC boosted its position in shares of Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 959 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 501 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $39,000. Optiver Holding B.V. bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $42,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $44,000. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on WY. Citigroup restated an "outperform" rating on shares of Weyerhaeuser in a report on Thursday. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a report on Thursday. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, April 15th. Finally, DA Davidson restated a "buy" rating and issued a $31.00 price objective on shares of Weyerhaeuser in a report on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $28.75.

Weyerhaeuser Price Performance

Shares of WY opened at $25.07 on Friday. The firm has a market cap of $18.08 billion, a PE ratio of 56.98, a P/E/G ratio of 2.74 and a beta of 0.98. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $24.18. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.04. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, equities analysts anticipate that Weyerhaeuser Company will post 0.26 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser's dividend payout ratio is 190.91%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O'rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 28,661 shares of the company's stock, valued at approximately $726,556.35. This trade represents a 16.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Beckwitt acquired 20,000 shares of Weyerhaeuser stock in a transaction dated 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 completion of the purchase, the director directly owned 24,066 shares in the company, valued at $618,496.20. This represents a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.31% of the company's stock.

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.

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