Nomura Holdings Inc. Acquires 72,466 Shares of Weyerhaeuser Company $WY

Key Points

• Nomura Holdings Inc. increased its stake in Weyerhaeuser Company by 66.9%, acquiring an additional 72,466 shares during the 1st quarter, bringing its total holdings to 180,761 shares valued at approximately $5.29 million.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, which will be paid on September 12th, with a dividend yield of 3.2%.
• The company reported earnings per share of $0.12 for the last quarter, surpassing expectations, but experienced a 2.8% decline in revenue year-over-year.

Nomura Holdings Inc. boosted its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 66.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,761 shares of the real estate investment trust's stock after purchasing an additional 72,466 shares during the period. Nomura Holdings Inc.'s holdings in Weyerhaeuser were worth $5,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vident Advisory LLC raised its stake in Weyerhaeuser by 46.6% during the 1st quarter. Vident Advisory LLC now owns 28,014 shares of the real estate investment trust's stock valued at $820,000 after buying an additional 8,901 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser in the first quarter worth $29,000. Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Weyerhaeuser by 1.1% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 806,062 shares of the real estate investment trust's stock worth $23,601,000 after acquiring an additional 9,022 shares during the period. Keeley Teton Advisors LLC increased its position in shares of Weyerhaeuser by 6.3% during the 1st quarter. Keeley Teton Advisors LLC now owns 10,712 shares of the real estate investment trust's stock valued at $314,000 after purchasing an additional 635 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Weyerhaeuser by 196.1% during the 1st quarter. Jump Financial LLC now owns 156,557 shares of the real estate investment trust's stock worth $4,584,000 after acquiring an additional 103,683 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director directly owned 21,478 shares of the company's stock, valued at $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.27% of the company's stock.

Weyerhaeuser Trading Up 2.9%

Shares of NYSE:WY traded up $0.73 during trading on Thursday, hitting $25.55. The company had a trading volume of 3,865,356 shares, compared to its average volume of 3,643,303. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 67.23, a price-to-earnings-growth ratio of 76.01 and a beta of 1.07. 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 company has a fifty day simple moving average of $25.86 and a two-hundred day simple moving average of $26.83. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. As a group, equities analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Weyerhaeuser's payout ratio is currently 221.05%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WY shares. Citigroup cut their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Truist Financial dropped their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. 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 report on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. One equities research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.88.

About Weyerhaeuser

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.