National Pension Service Grows Holdings in Weyerhaeuser Company $WY

Key Points

• The National Pension Service increased its shareholding in Weyerhaeuser Company by 14.2%, owning approximately 1.1 million shares worth about $32.31 million.
• Weyerhaeuser recently announced a quarterly dividend of $0.21, yielding approximately 3.3%, with a payout ratio of 221.05%.
• Analysts have issued mixed ratings on Weyerhaeuser, resulting in a consensus rating of "Moderate Buy" and an average target price of $32.88.

National Pension Service increased its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,361 shares of the real estate investment trust's stock after purchasing an additional 136,966 shares during the period. National Pension Service owned approximately 0.15% of Weyerhaeuser worth $32,306,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. South Plains Financial Inc. bought a new position in Weyerhaeuser in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new position in Weyerhaeuser in the 4th quarter worth about $27,000. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser in the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in Weyerhaeuser in the 1st quarter worth about $31,000. Finally, Costello Asset Management INC bought a new position in Weyerhaeuser in the 1st quarter worth about $32,000. Institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WY shares. 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. 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 research note on Tuesday, July 22nd. Truist Financial lowered their target price 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. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, Citigroup lowered their target price 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 investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.88.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded up $0.6390 during trading on Tuesday, hitting $26.3190. The company's stock had a trading volume of 3,102,666 shares, compared to its average volume of 4,064,842. The company has a 50-day moving average of $26.02 and a 200-day moving average of $27.14. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 69.26, a P/E/G ratio of 74.87 and a beta of 1.08.

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

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio is 221.05%.

Weyerhaeuser announced that its board has initiated a stock buyback program on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is 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.